Brookfield, Morrison & Co match rival bid for Australia's Uniti (updated)

Uniti (Delaware)

28/03/2022 23:57

(Adds details of deal, background)
    March 29 (Reuters) - A unit of Canada's Brookfield  BAMa.TO 
and fund manager Morrison & Co on Tuesday matched a
Macquarie-led  MQG.AX  consortium's rival offer of A$5 per share
for Australian telecom firm Uniti Group  UWL.AX 
    Uniti said 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.
    Earlier this month, Uniti had confirmed it was in exclusive
discussions with Morrison & Co for an indicative proposal
valuing Uniti at A$4.50 per share.  urn:newsml:reuters.com:*:nFWN2VH19V    
    Uniti's board on Tuesday decided to interact with the
Morrison-Brookfield consortium on their revised proposal.
    It will not engage with Macquarie Asset Management and
Canada's Public Sector Pension Investment Board at this time,
the company said. 
    
    
    
    
    

 (Reporting by Indranil Sarkar in Bengaluru; Editing by Devika
Syamnath)
 ((Indranil.Sarkar@thomsonreuters.com; Mobile:  +91
7022132226;))