Quanta Services (PWR) and InfraSource Services (IFS) Announce Early Termination of HSR Waiting Period in Connection With Merger
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Quanta Services, Inc. (NYSE: PWR) and InfraSource Services, Inc. (NYSE: IFS) announced that the Federal Trade Commission (FTC) and the United States Department of Justice have granted early termination of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the proposed acquisition of InfraSource by Quanta.
As previously announced on March 19, 2007, Quanta and InfraSource entered into a definitive merger agreement under which Quanta will acquire InfraSource in an all-stock transaction valued at approximately $1.26 billion as of the date of announcement.
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