Home / World News / Brookfield-led group nears $2.7-billion Australian firm Uniti takeover

Brookfield-led group nears $2.7-billion Australian firm Uniti takeover

The Adelaide-based residential broadband provider said on Thursday it had agreed to a deal at A$5 per share

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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.

Bloomberg

1 min read Last Updated : Apr 14 2022 | 11:37 PM IST

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

Topics : Brookfield Australia Companies

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