DOJ Wins Stop To $367M Merger Of Radioactive Waste Firms
June 22, 2017 A Delaware federal judge on Wednesday blocked the $367 million merger of EnergySolutions Inc. and Waste Control Specialists LLC, siding with the U.S. Department of Justice in the government's bid to enjoin the deal on antitrust grounds. [This story was broken by Law360 Environmental. The remainder of the article is behind a pay wall.]
WCS of TX had hoped EnergySolutions of UT -- its competitor in "low-level" radioactive waste dumping -- could take it over, to staunch its financial losses.
(WCS had also hoped its acquisition by EnergySolutions would allow the U.S. Nuclear Regulatory Commission licensing proceeding for its proposed centralized interim storage facility to resume. WCS wants to park 40,000 metric tons of high-level radioactive waste in the west TX desert. See Beyond Nuclear's Waste Transportation website section for more info. on that.)