Quanta Capital Holdings Ltd. (QNTA) Inks $197M Agreement with Catalina Holdings to Achieve Successful Run-Off
Quanta Capital Holdings Ltd. (Nasdaq: QNTA) announced it has entered into a definitive amalgamation agreement with Catalina Holdings (Bermuda) Ltd. and Catalina Alpha Ltd., which specialize in much the same operations as Quanta. “We are pleased to have entered into a definitive agreement to acquire Quanta and we look forward to working with Quanta's employees and management to achieve a successful run off. This is an important acquisition for Catalina following the significant expansion of our capital base last year,” Chris Fagan, Catalina's CEO stated in the press release. Per the agreement, Catalina will acquire Quanta for approximately $197 million,…