InfraSource Services to be Acquired by Quanta Services.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-19 March 2007-Afternoon Movers: InfraSource Services to be Acquired by Quanta Services(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:19032007 InfraSource Services, Inc. (NYSE: IFS) is a specialty contractor servicing utility transmission and distribution infrastructure in the United States.

InfraSource designs, builds and maintains transmission and distribution networks for utilities, power producers and industrial customers At this time shares are up 16 to $29.99 with over 3.2 million in volume. This momentum comes as Quanta Services, Inc. (NYSE: PWR) and InfraSource Services, Inc. (NYSE: IFS) announced that they have signed a definitive merger agreement under which Quanta will acquire InfraSource in an all-stock transaction valued at $1.26 billion...