DRTK Duratek (MM)

Duratek, Inc. (NASDAQ:DRTK) today announced the completion of its $396 million acquisition by EnergySolutions, LLC under the definitive agreement, announced on February 7, 2006. Duratek's stockholders approved the sale of the company to EnergySolutions at a special meeting of stockholders held on June 6, 2006. Commenting on completion of the transaction, Robert E. Prince, CEO of Duratek stated, "The acquisition by EnergySolutions not only provided very significant current value for our stockholders, but, as important, it enables Duratek to become an even more significant service provider in its markets." Steve Creamer, CEO of EnergySolutions, added, "Duratek is an integral part of our company and our objective to be a major international nuclear service supplier committed to meeting the needs of government and the nuclear industry." Duratek common stock will cease to trade on the NASDAQ National Market at market close today and will be delisted. Under the terms of the agreement between the two companies, former stockholders of Duratek are entitled to receive $22.00 in cash, without interest, for each share of Duratek common stock. As soon as practicable, a paying agent appointed by EnergySolutions will mail a letter of transmittal and instructions to all Duratek stockholders of record. The letter of transmittal and instructions will contain information on how to surrender Duratek common stock in exchange for the merger consideration, without interest. Stockholders of record should be in receipt of the letter of transmittal before surrendering their shares. Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash as such conversions will be handled by their bank or broker. 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.