Quanta shareholders approve deal with Catalina Holdings

By Lisa Kerner

Charlotte, N.C., Sept. 30 - Shareholders of Quanta Capital Holdings Ltd. voted to approve the amalgamation agreement with Catalina Holdings (Bermuda) Ltd. and its subsidiary, Catalina Alpha Ltd., at a special meeting on Tuesday.

All regulatory approvals have been obtained, and Quanta expects to complete the transaction on or before Oct. 15, according to a company news release.

In May, Quanta agreed to be acquired by Catalina Holdings and Catalina Alpha for $2.80 cash per share, or about $197 million.

Quanta is a Hamilton, Bermuda, holding company with interests in specialty insurance and reinsurance that it is actively running off.

Catalina Holdings, also a Bermuda company, specializes in the acquisition and management of non-life insurance and reinsurance companies and portfolios in run-off.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.