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The latest update is out from Uniti Group Inc (UNIT).
Uniti Group Inc. and Windstream Holdings II, LLC have announced a significant merger agreement, with Uniti expected to become an indirect wholly owned subsidiary of Windstream’s new parent company following a complex series of transactions and reorganizations. The merger will result in Windstream’s equity holders receiving a mix of common and preferred stock, warrants, and cash from Uniti, while Uniti’s common stockholders will own approximately 62% of the new entity. The deal, which is still subject to shareholder approval and other conditions, is anticipated to be taxable for Uniti shareholders and is not contingent upon securing financing, although Uniti has obtained a commitment for funding to support the transaction.
For a thorough assessment of UNIT stock, go to TipRanks’ Stock Analysis page.