Business
Uniti ups bid for OptiComm, takes stake – The Australian Financial Review
Uniti Group is back in front of First State Super in the $600 million battle for OptiComm.
All appeared lost for Uniti last week when First State, a $130 billion asset manager, made an all cash offer at $5.85 a share that blew Uniti’s cash and scrip deal out of the water. First State had until Friday to shore up its bid, and had its bankers and lawyers finalising due diligence.
Uniti will also hope that its new bid will see its own share price rise rapidly, making its $5.85 a share cash and scrip bid worth even more.
It is understood Uniti had its bankers at Bank of America talking …
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