MasTec Announces Limited Sale of Stock by Founding Family
CORAL GABLES, Fla., Nov. 7, 2012 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that each of Jorge Mas, MasTec's Chairman, and Jose R. Mas, MasTec's Chief Executive Officer ("Selling Shareholders") agreed to sell pursuant to Rule 144 under the Securities Act a total of 3.3 million shares of MasTec common stock. The shares have been sold in connection with personal financial planning and estate matters. Following the sales, the Selling Shareholders' respective beneficial ownership of MasTec's common stock will remain in excess of 17.0 million shares.
MasTec, Inc. is a leading infrastructure construction company operating mainly throughout North America across a range of industries. The Company's activities include the engineering, building, installation, maintenance and upgrade of energy, communication and utility infrastructure, such as: electrical utility transmission and distribution, natural gas and petroleum pipeline infrastructure, wireless, wireline and satellite communications, wind farms, solar farms and other renewable energy, industrial infrastructure and water and sewer systems. MasTec's customers are primarily in the utility, communications and government industries. The Company's corporate website is located at www.mastec.com.
This press release is for informational purposes only and is not intended nor shall it constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
SOURCE MasTec, Inc.