Business
Uniti ups OptiComm bid, keeps nose in front – The Australian Financial Review
Vaughan Bowen’s Uniti Group has kept its nose in front in the OptiComm bidding war, matching superannuation fund Aware’s $6.50 a share proposal and putting a sm…
Uniti’s is understood to have stuck to its cash and scrip approach.
OptiComm is expected to announce the developments on Thursday. The company’s shares last traded at $6.52.
Uniti’s higher offer is another escalation in a surprising bidder war between itself, a strategic investor, and $130 billion industry superannuation fund Aware Super.
Uniti was set to acquire OptiComm in September, before Aware made a higher all-cash offer just prior to a scheduled scheme vote.
Aware (formerly called Fir…
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