Australia's Uniti rises after Brookfield, Morrison & Co match rival bid

Uniti (Delaware)

29/03/2022 01:02

** Shares of Australia's Uniti Group Ltd  UWL.AX  rise as
much as 4.2% to A$4.9
    ** Unit of Canada's Brookfield  BAMa.TO  and fund manager
Morrison & Co matches a Macquarie-led MQG.AX consortium's rival
offer of A$5 per share for Uniti  urn:newsml:reuters.com:*:nL3N2VV4HJ
    ** Co says the revised terms included Brookfield as a 50-50
partner and required Uniti to not engage further with the
Macquarie-led consortium or grant it due diligence access
    ** Uniti's board decided to interact with the
Morrison-Brookfield consortium on their revised proposal
    ** Adds it will not engage with Macquarie Asset Management
and Canada's Public Sector Pension Investment Board at this time
    ** Uniti shares hit fresh record high
    ** Uniti stock up ~7% so far this year
    

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))