Current Report Filing (8-k)
October 21 2014 - 6:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 20, 2014
MASTEC, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Florida
(State or Other Jurisdiction of Incorporation)
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Florida |
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001-08106 |
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65-0829355 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
800 S. Douglas Road, 12th Floor, Coral Gables, Florida
33134
(Address of Principal Executive Offices) (Zip Code)
(305) 599-1800
(Registrants Telephone Number, Including Area Code)
N/A
(Former Name or
Former Address, if Changed Since Last Report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01 Other Events.
On October 20, 2014 (the Closing Date), MasTec Network Solutions, LLC, a Florida limited liability company and a wholly
owned subsidiary of MasTec, Inc., a Florida corporation (collectively, MasTec), acquired WesTower Communications Inc., a Delaware corporation (WesTower), pursuant to a Stock Purchase Agreement dated as of the
Closing Date (the Purchase Agreement). WesTower is a telecommunications services firm, focusing on construction and maintenance of communications infrastructure related to wireless networks throughout the United States. WesTower
currently provides services to a number of major wireless carriers through 16 regional operating offices located throughout the Eastern, Central and Western United States and currently has approximately 1,600 employees.
Pursuant to the Purchase Agreement MasTec acquired all of the issued and outstanding common stock of WesTower for approximately $199 million
in cash, subject to customary purchase price adjustments. As of the Closing Date, WesTower had approximately $159 million in tangible net worth, composed primarily of working capital of approximately $151 million, including approximately $18 million
of cash.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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MASTEC, INC. |
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Date: October 20, 2014 |
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By: |
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/s/ Alberto de Cardenas |
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Name: Alberto de Cardenas |
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Title: Executive Vice President, General Counsel and Secretary |
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