Morrison & Co ups Uniti bid to A$5 a share

Fibre optic cable firm Uniti has managed to attract increasing takeover bids. (Image: Deposit Photos)

Tue, 29 Mar 2022

Morrison & Co has joined with Brookfield Infrastructure Group to place a bid for Australian fibre telco Uniti Group at A$5 (NZ$5.43) a share, ending a rival bid at the same price from Macquarie Asset Management and PSP Investments.New Zealand’s Morrison & Co had first bid at A$4.50 a share earlier in March, a price at a 43% premium to where stock was trading before whispers sent it creeping up on March 15.Uniti announced to the market on Tuesday the higher bid from the newly formed consortium of Morrison and Brookfield, which had...

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