MasTec, Inc. MTZ
today announced that its wholly owned subsidiary, Precision Pipeline, LLC,
along with other members of the Pipe Line Contractors Association,
have fully withdrawn from the Central States Southeast and Southwest Areas
Pension Fund multi-employer pension plan, effective November 15,
2011. In connection with the withdrawal, MasTec will record a one-time expense
of $6.4 million in the fourth quarter of 2011 based on an estimate provided by
the plan.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in