Quanta Prepares for Long-Term – Analyst Blog
Zacks Market Commentaries (September 3rd, 2009) Writes:
This transaction, which is expected to close in the fourth quarter of 2009, is valued at $350 million. Quanta will issue approximately 11.1 million shares of its common stock, valued at $250 million, and will pay approximately $100 million in cash, subject to adjustment, to the stockholders of Price Gregory.
This acquisition further strengthens Quanta's leadership position in the North American electric power transmission industry. The company said that Price Gregory will significantly expand the scale and scope of Quanta's existing natural gas operations and will position it to take advantage of the positive long-term outlook for the natural gas industry.
Quanta expects a substantial increase in revenues and earnings, strong margins, and significant free cash flows with the
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