 "Brookfield asset management")
Australian fibre cabling firm Uniti Group has agreed to a A$3.62 billion ($2.7 billion) takeover by a consortium led by HRL Morrison & Co. and Brookfield Infrastructure Partners.
The Adelaide-based residential broadband provider said on Thursday it had agreed to a deal at A$5 per share, which represents a 58.7 per cent premium to its undisturbed trading price on March 14. That’s an improvement from an earlier A$4.50 per share offer from the consortium tabled in March.
The group, MBC BidCo, also includes pension fund Commonwealth Superannuation , Uniti said.
The deal marks the second-largest transaction targeting
The Adelaide-based residential broadband provider said on Thursday it had agreed to a deal at A$5 per share, which represents a 58.7 per cent premium to its undisturbed trading price on March 14. That’s an improvement from an earlier A$4.50 per share offer from the consortium tabled in March.
The group, MBC BidCo, also includes pension fund Commonwealth Superannuation , Uniti said.
The deal marks the second-largest transaction targeting
