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| MTZ > SEC Filings for MTZ > Form 8-K on 18-Jun-2012 | All Recent SEC Filings |
18-Jun-2012
Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
As previously reported, on May 24, 2012, MasTec North America, Inc. ("MasTec NA"), a wholly owned subsidiary of MasTec, Inc., a Florida corporation (the "Company"), entered into a Membership Interest Purchase Agreement with the Company's wholly owned subsidiary, DirectStar TV, LLC ("DirectStar"), Red Ventures, LLC ("Red Ventures") and the other parties thereto, pursuant to which Red Ventures agreed to purchase, and MasTec NA agreed to sell, all of the issued and outstanding membership interests in DirectStar (the "Units" and such purchase and sale of the Units, the "Transaction").
On June 15, 2012, the Transaction was consummated, and Red Ventures paid to the Company the purchase price in an amount in cash equal to approximately $105.6 million, subject to certain adjustments.
(b) Pro forma financial information
The unaudited pro forma condensed consolidated balance sheet as of March 31, 2012 and the unaudited pro forma condensed consolidated statements of operations of the Company for the three months ended March 31, 2012 and the year ended December 31, 2011, including the notes thereto, are filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference in this Item 9.01.
(d) Exhibits
Exhibit
Number Description
99.1 Unaudited pro forma condensed consolidated balance sheet of MasTec,
Inc. as of March 31, 2012 and unaudited pro forma condensed
consolidated statements of operations of MasTec, Inc. for the three
months ended March 31, 2012
and the year ended December 31, 2011, including the notes thereto.
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