MasTec Suspends Late Stage Negotiations of an Acquisition to Prioritize Share Repurchases
MasTec suspended late-stage negotiations on a large potentially accretive acquisition, saying it will prioritize share repurchases instead. The company has an existing $250 million board buyback authorization with the full amount available, funded from cash on hand and its revolving credit facility.
Key figures
- Deal Value Usd
- 0
- Buyback status
- existing board authorization, full amount available
- Buyback authorization
- $250 million
AI analysis
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