U.S. judge stops EnergySolutions' purchase of rival

Valhi

21/06/2017 20:27

WASHINGTON, June 21 (Reuters) - A federal judge on Wednesday 
blocked EnergySolutions from buying rival Waste Control 
Specialists, a unit of Valhi Inc  VHI.N  the Justice Department 
said. 
    The government had sued in November to stop the deal valued 
at $367 million as the Justice Department had argued that the 
two companies are each other's most significant competitor in 36 
states and the District of Columbia. The waste is generated by 
hospitals, nuclear power generators and others.  urn:newsml:reuters.com:*:nL1N1DH20Y 
    A spokesman for EnergySolutions said he did not know whether 
the company would appeal. "We believe this acquisition was in 
the best interest of the long-term waste disposal needs for the 
nuclear industry, so we are disappointed with today's decision," 
said David Lockwood, president and CEO of EnergySolutions.+ 
 
 (Reporting by Diane Bartz, editing by G Crosse) 
 ((Diane.Bartz@thomsonreuters.com; +1-202-898-8313)) 
 
Keywords: WASTE CONTROL SPECIALISTS M&A/ENERGYSOLUTIONS (URG