Duratek Announces That Hart-Scott Rodino Waiting Period for Proposed Acquisition Has Ended
21 März 2006 - 2:30PM
Business Wire
Duratek (NASDAQ:DRTK) today announced that the waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with
respect to the proposed acquisition of Duratek by EnergySolutions,
has ended. As a result, no further antitrust regulatory review of
the merger will be required. As previously announced, the
transaction is subject to approval by certain federal and state
governmental authorities regarding the transfer of certain permits,
approval by Duratek's stockholders, and other customary closing
conditions. Duratek expects the transaction to close during the
second quarter of 2006, following approval by Duratek's
stockholders and the satisfaction of all other closing conditions.
About Duratek Duratek provides safe, secure radioactive materials
disposition and nuclear facility operations for commercial and
government customers. About EnergySolutions EnergySolutions
provides services and solutions to the nuclear energy industry. The
company has the technical expertise and state-of-the-art resources
to safely and responsibly handle the nuclear waste management
process. Important Additional Information and Where to Find It
Duratek will file with the Securities and Exchange Commission a
definitive proxy statement and other documents regarding the
proposed business combination referred to in the foregoing
information. Investors are urged to read the proxy statement when
it becomes available because it will contain important information.
A definitive proxy statement will be sent to Duratek's stockholders
seeking their approval of the transaction. Investors may obtain a
free copy of the proxy statement and other documents filed by
Duratek with the Commission at the Commission's website at
www.sec.gov, or by directing a request to: Diane Brown, Corporate
Secretary, Duratek Inc., 10100 Old Columbia Road, Columbia,
Maryland 21046. Duratek, its directors, and its executive officers
may be considered participants in the solicitation of proxies in
connection with the proposed transaction. Information about the
directors and executive officers of Duratek and their ownership of
Duratek stock is set forth in Duratek's Annual Report on Form 10-K
for the fiscal year ended December 31, 2005 and in the proxy
statement for Duratek's 2005 annual meeting of stockholders.
Investors may obtain additional information regarding the interests
of such participants by reading the proxy statement when it becomes
available. Safe Harbor This press release contains "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements related to Duratek's expected timeframe for
the completion of the acquisition of Duratek by EnergySolutions.
These statements are based on current expectations, forecasts and
assumptions that are subject to risks and uncertainties, which
could cause actual outcomes and results to differ materially from
these statements. Risks and uncertainties include the satisfaction
of the conditions to closing, including receipt of stockholder
approval. All forward-looking statements are also expressly
qualified in their entirety by the cautionary statements detailed
from time to time in Duratek's filings with the Commission,
including its quarterly reports on Form 10-Q and its annual report
on Form 10-K. The information set forth herein speaks only as of
the date hereof, and Duratek disclaims any intention or obligation
to update any forward-looking statements as a result of
developments occurring after the date hereof.
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