Australia's Uniti Group jumps most in over 2-yrs on buyout approaches

Uniti (Delaware)

24/01/2022 03:53

(Updates)
    ** Fibre infrastructure provider Uniti Group  UWL.AX  jumps
as much as 13% to A$4.26, set for its sharpest rise since Dec
2020 
    ** UWL says "more than one party" have shown interest in
buying the company, though the approaches offer no timing, price
or conditions 
    ** At Monday's high, UWL is valued at A$2.93 bln ($2.10 bln)
    ** Trading volumes 4.5-times their 30-day avg
    ** Stock more than doubled in value in 2021, but down ~15%
this year to Friday's close 
    
($1 = 1.3935 Australian dollars)

 (Reporting by Indranil Sarkar and Nikhil Kurian Nainan in
Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))