Provided By PR Newswire
Last update: Jul 26, 2022
NEW YORK, July 25, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Infrastructure and Energy Alternatives, Inc. ("IEA" or the "Company") (NASDAQ: IEA), in connection with the proposed acquisition of the Company by MasTec, Inc. ("MasTec") (NYSE: MTZ). Under the terms of the merger agreement, the Company's shareholders will receive $14.00 per share in cash and 0.0483 shares of MasTec common stock for each IEA share owned, representing implied per-share merger consideration of approximately $49.03 based upon MasTec's July 22, 2022 closing price of $72.52.
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