SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 14 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 6, 1997
MASTEC, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-3797 59-1259279
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
3155 N.W. 77th Avenue, Miami, Florida 33122-1205
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (305) 599-1800
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
On August 6, 1997, MasTec, Inc. announced the closing of the
acquisition by MasTec of 51% of MasTec Inepar S/A - Sistemas De Telecomunicacoes
(MasTec-Inepar), a newly formed Brazilian telecommunications infrastructure
contractor with a backlog of approximately $280 million in construction
contracts in Brazil. This includes $50 million in contracts awarded since the
acquisition agreement was first announced last May. MasTec contributed $29.4
million in new capital to the company and issued 250,000 shares of MasTec stock
and options to acquire an additional 50,000 shares in exchange for the 51%
interest.
Item 7. Financial Statements and Exhibits.
(c)
99.1 Press release dated August 6,1997.
SIGNATURES
Pursuant to the requirement of the Securities
Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 6, 1997. /s/ Edwin D. Johnson
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Edwin D. Johnson
Senior Vice President-
Chief Financial Officer
(Principal Financial Officer
and Authorized Officer)