MasTec Suspends Acquisition Negotiations to Prioritize Share Repurchases
The company has suspended late-stage acquisition negotiations while prioritizing share repurchases.
Story updates
05:15:20 PM UTC
SquawkNews
MasTec suspended late-stage negotiations of a potentially accretive acquisition to prioritize repurchases under its existing $250M authorization, which remains fully available. The announcement does not obligate the company to repurchase shares.Material DetailsContext by AI AnalystThis is a capital…