Uniti Group jumps on report of buyout by Zayo, others

Uniti (Delaware)

20/10/2021 21:28

** Shares in broadband network owner  UNIT.O  close 7.4%
higher at $13.01 and climb further marginally after the bell
    ** A group including U.S. communications infrastructure
provider Zayo Group Llc is trying to buy Uniti Group and its
primary client, Windstream Holdings II Llc, the Wall Street
Journal reports https://on.wsj.com/3plKJgr, citing people
familiar with the matter
    ** Zayo tells Reuters it never comments on speculation,
while Windstream says it does not have any comment on potential
transactions or strategic matters at this time
    ** Uniti has not responded to a Reuters request for comment
    ** The talks with Uniti started in June, when the parties
discussed a price of around $15 a share, or some $3.5 billion,
for the real-estate investment trust, but they recently stalled
over price, the report adds
    ** UNIT shares have risen about 11% this year

 ((Praveen.Paramasivam@thomsonreuters.com;))