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

Henry Burrell
Tue, 29 Mar 2022

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

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.