But that all changed on Tuesday morning. As Street Talk revealed, a secret raid by Uniti Group's bankers at Bank of America helped the group pick up 6 per cent equity stake and call options on shares worth another 13.5 per cent of OptiComm, and debt to increase its own offer.
While the increased bid is one thing, the blocking stake makes it incredibly hard for Macquarie, First State or any other latecomer to spoil Uniti's party.
Of course in normal course of business, the alternative could be to wait until Uniti gobbles up OptiComm and then make a play for the enlarged group. However, the financial types do worry about how quickly Uniti has come together, and the integration work that needs to be done at some stage.
from AFR
shorters getting burned !!
UWl has so strong relationship and support and increditable structure of blockong stake
GREAT JOB , UWL
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Ann: Revised OPC offer and Relevant Interest, page-25
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