MasTec Suspends Late Stage Negotiations of an Acquisition to Prioritize Share Repurchases

CORAL GABLES, Fla.--(BUSINESS WIRE)--MasTec, Inc. (“MasTec” or the “Company”) (NYSE: MTZ) today announced that it is suspending late stage negotiations of a large potentially accretive acquisition opportunity in order to prioritize the repurchase of shares. The Company has an existing $250 million board authorization for share repurchases, the full amount of which is available. This announcement does not obligate MasTec to repurchase any particular amount of common stock during any period and t.