Operator
Ladies and gentlemen, thank you for standing by, and welcome. [Operator Instructions] I would now like to hand the conference over to Ben Church, Investor Relations and Corporate Communications at Esperion. Please go ahead, sir.
Benjamin Church
Head, Corporate Communications & Investor Relations
Thank you, operator. Good afternoon and welcome to Esperion s First Quarter 2021 Financial Results and Company Update Conference Call. I m Ben Church, and I m responsible for Investor Relations and Corporate Communications here at Esperion. With me on today s call are Tim Mayleben, President and Chief Executive Officer; Sheldon Koenig, Chief Operating Officer; and Rick Bartram, Chief Financial Officer. I want to remind callers that the information discussed on the call today is covered under the Safe Harbor provisions of the Private Securities Litigation Reform Act. I caution listeners that management will be making forward-looking statements. Actual results could differ mater
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On April 20, 2021, the United States District Court for the Southern District of Florida dismissed a securities class action complaint against Norwegian Cruise Lines (“NCL”) relating to the company’s disclosures made as the coronavirus pandemic was starting to unfold in the United States. In
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Operator
Good morning, and welcome to the ProPetro Holdings First Quarter 2021 Earnings call. [Operator Instructions.]. Please note this event is being recorded.
I would now like to turn the conference over to Sam Sledge, President. Please go ahead.
David W. Sledge
Former COO
Thank you, and good morning, everyone. We appreciate your participation in today s call. With me today is Chief Executive Officer, Phillip Gobe, Chief Financial Officer, David Schorlemer, and Chief Operating Officer, Adam Munoz.
Yesterday afternoon, we released our earnings announcement for the first quarter of 2021. Please note that any comments we make on today s call regarding projections or our expectations for future events are forward-looking statements covered by the Private Securities Litigation Reform Act.
MasTec Expands Electrical Distribution Operations Footprint with Acquisition of INTREN, LLC, One of the Largest Private Energy Distribution Contractors in the Country
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CORAL GABLES, Fla., May 5, 2021 /PRNewswire/ MasTec, Inc. (NYSE: MTZ) today announced that it has acquired INTREN, LLC ( INTREN ). INTREN is a premier utility specialty contractor primarily providing electrical distribution network services under various multi-year master service agreements to the nation s largest utilities, municipalities, and cooperatives. INTREN is headquartered in Union, Illinois and has approximately 2,000 employees providing services in 14 states across the United States.
In the transaction, MasTec acquired all the equity interests of INTREN for approximately $420 million in cash plus a contingent earnout through year end 2021. At closing, INTREN is expected to have approximately $100 million in tangible net worth. The acquisitio