Quanta Services Enters Into $750 Million Accelerated Stock Repurchase Arrangement
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Quanta Services (PWR) Enters $750M Accelerated Common Stock Buyback Agreement
August 10, 2015 7:25 AM EDTQuanta Services (NYSE: PWR) announced that it has entered into an accelerated stock repurchase arrangement (the "ASR Arrangement") with JPMorgan Chase Bank N.A. to repurchase $750 million of Quanta common stock. The ASR Arrangement will facilitate repurchases under Quanta's previously announced $1.25 billion stock repurchase program and will be funded with a portion of the proceeds received from the sale of... More
