Amid Texas nuclear waste site's financial woes, judge blocks merger
A federal judge has blocked a Salt Lake City-based company’s purchase of Waste Control Specialists, further jeopardizing the Dallas company’s plans to expand the nuclear waste dump it operates in West Texas.
U.S. District Judge Sue L. Robinson of Delaware on Wednesday sided with the federal government in blocking a $367 million merger between EnergySolutions and the radioactive site’s parent company. Waste Control Specialists calls the deal essential for its long-term viability.
The details of Robinson's opinion were sealed.
The U.S. Department of Justice sued in November to block the merger of rival companies, arguing it would essentially create a monopoly on radioactive waste disposal.
Read more: https://www.texastribune.org/2017/06/21/amid-texas-nuclear-waste-sites-financial-woes-judge-blocks-merger/
