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Article: MasTec Files Registration Statement To Register 2,600,000 Shares Of Common Stock
- Article from:
- PR Newswire
- Article date:
- August 29, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI, Aug. 29 /PRNewswire/ -- MasTec, Inc. (Nasdaq: MASX) announced today that it has filed a registration statement with the Securities and Exchange Commission to register a maximum of 2,600,000 shares of common stock under the Securities Act of 1933. The common stock will be sold to the public pursuant to a firm commitment underwriting led by Bear, Stearns & Co., Inc. and Jefferies & Company, Inc. Of the shares registered, it is currently contemplated that 2,000,000 shares will be sold by the company and 600,000 shares will be sold by certain current stockholders of the company. Net proceeds of the offering to the company will be used to fund the company's growth ...