(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) consortium's rival offer of A$5 per share for Australian telecom firm Uniti Group (UWL)
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.
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.
News: MQG UPDATE 1-Brookfield, Morrison & Co match rival bid for Australia's Uniti
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Last
$223.62 |
Change
-2.550(1.13%) |
Mkt cap ! $85.23B | |||
| Open | High | Low | Value | Volume |
| $226.12 | $226.12 | $221.09 | $131.9M | 591.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 214 | $223.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $223.62 | 508 | 2 |
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| MQG (ASX) Chart |