Quanta Services (PWR) Completes ~$315M Telecom Sale to Dycom (DY); Sees Q4 GAAP EPS Impact
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Dycom (DY) Completes Acquisition Of Tel-Com Subsidiaries From Quanta Services (PWR)
December 3, 2012 5:26 PM ESTDycom Industries, Inc. (NYSE: DY) announced today that it has completed its acquisition of the telecommunications infrastructure services subsidiaries of Quanta Services, Inc. (NYSE: PWR) for $275 million in cash plus an adjustment estimated to be $25 million to $40 million for working capital and other specified items.
Dycom funded the acquisition through a combination of... More
Quanta Services (PWR) to Sell Telecom Subsidiaries in $275M Cash Deal w/ Dycom (DY)
November 19, 2012 5:46 PM ESTQuanta Services, Inc. (NYSE: PWR) today announced that it has entered into a definitive agreement to sell its telecommunications subsidiaries to Dycom Industries, Inc. (NYSE: DY) for approximately $275 million in cash, subject to final adjustments. The subsidiaries included in the... More
