MasTec suspends acquisition talks to prioritize share buybacks
MTZ•MasTec suspended late-stage talks for a large, potentially accretive acquisition to prioritize repurchases, with the full $250 million board authorization still available.
1. Buybacks take priority
MasTec suspended late-stage negotiations for a large, potentially accretive acquisition to prioritize share repurchases. The full $250 million under its existing board authorization remains available for buybacks, and talks could resume as conditions warrant.
