MIC - open market share purchases - legitimizes values at these levels - MIC is a buy at this price
Macquarie Infrastructure Management (USA) Inc. (MIMUSA), a subsidiary of Macquarie Group Limited and the Manager of Macquarie Infrastructure Corporation (MIC), has notified MIC that it intends to acquire additional MIC shares via open market purchases.
NEW YORK--(BUSINESS WIRE)--
Macquarie Infrastructure Management (USA) Inc. (MIMUSA), a subsidiary of Macquarie Group Limited and the Manager of Macquarie Infrastructure Corporation (MIC), has notified MIC that it intends to acquire additional MIC shares via open market purchases. Share purchases are subject to receipt of Hart-Scott-Rodino clearance and market conditions. MIMUSA expects to receive clearance on or about April 8, 2018.
MIMUSA currently owns approximately 5.5 million or 6.6% of MIC's shares outstanding. As required by law, MIMUSA will report purchases on Form 4 and Schedule 13D filings with the Securities and Exchange Commission. Accordingly, MIMUSA does not plan to provide any further update to the market.
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