MTZ - HSR waiting period expires for MasTec-IEA deal

• The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired for the previously announced acquisition of Infrastructure and Energy Alternatives ( NASDAQ: IEA ) by MasTec ( NYSE: MTZ ).
• In July, MasTec ( MTZ ) it agreed to acquire IEA in a cash and stock deal valued at $14/share.
• Under the deal terms, IEA stockholders will receive $14/share comprised of $10.50/share in cash and 0.0483 of a MasTec ( MTZ ) share.
• The expiration of the HSR waiting period was a condition to the closing of the pending transaction.
• Completion of the transaction is expected in October 2022, subject to the satisfaction of the remaining customary closing conditions, including approval of the transaction by IEA stockholders.

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