Quanta Capital Holdings has announced it has exercised its right to repurchase all remaining 10.25 percent Series A Preferred Shares that were not tendered in the recently completed tender offer.

Quanta will purchase the remaining preferred shares at a price of $22.50 per share, in cash without interest, which is the same price per share paid in the tender offer. The tender offer for the preferred shares expired in August and was made through Quanta's wholly-owned subsidiary, QCH Acquisition. In the tender offer, QCH accepted for purchase a total of 3,024,891 shares representing more than 96 percent of the issued preferred shares.