MasTec, Inc. (NYSE: MTZ) has signed a definitive agreement to acquire Precision Pipeline, LLC. MasTec will acquire Precision Pipeline for a purchase consideration of $150 million, subject to certain purchase price adjustments and an earn out. The transaction is contingent on financing availability on terms and conditions acceptable to MasTec.
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The company will host a conference call on November 4, 2009 at 8:30 am (ET) to discuss this transaction. The accompanying slides will be available through the company's website. To access the call dial (719) 325-4894 utilizing 1432517 as the access code. A replay of the call will also run for 30 days and can be accessed by dialing (719) 457-0820 utilizing the same access code. A webcast of the presentation will be available through the Investor Relations section of the company's website.
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