June 13 (Reuters) - Enterprise Group Inc E.TO :
* Assets will be acquired by TC Infrastructure Services
Ltd., a wholly owned subsidiary of Quanta Services (NYSE:PWR), Inc
* Gross cash proceeds from this transaction will be
approximately $16.9 million
* Enterprise will also receive payment of working capital,
which company anticipates will amount to approximately $3.0
million
* All proceeds from this transaction will be deployed
towards reducing enterprise's debt
* Enterprise group announces agreement to divest of t.c.
Backhoe & directional drilling
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