Quanta to be acquired by Catalina for $197m
Bermudian reinsurer in run-off Quanta Capital announced today that it has entered into a definitive amalgamation agreement with Catalina Holdings (Bermuda) and Catalina Alpha Pursuant to the amalgamation agreement, Catalina will acquire Quanta in a transaction valued at approximately $197m.
At the closing of the proposed amalgamation, holders of the common shares of Quanta will receive $2.80 per share in cash, which represents a 55% premium to the volume-weighted average sale price per
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