PE Deals

Brookfield, Morrison & Co vie with other PE group for Uniti: Reuters

Brookfield Asset Management and Morrison & Co entered an exclusivity deed with Uniti Group, after another consortium offered A$5 per share ($3.73) for the Australian telecommunications business, Reuters reported.

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Brookfield Asset Management and Morrison & Co entered an exclusivity deed with Uniti Group, after another consortium offered A$5 per share ($3.73) for the Australian telecommunications business, Reuters reported. Uniti earlier said it got a buyout proposal from Macquarie Asset Management and Canada’s Public Sector Pension Investment Board that valued it at about A$3.44 billion ($2.57 billion). Uniti said both proposals are still non-binding and preliminary.

Source: Reuters