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Australia’s Uniti Considers $2.2 Billion Sale to HRL Morrison

Uniti Group Ltd., an Australian telecommunications company, said it’s in exclusive talks to sell the company to asset manager HRL Morrison & Co. for A$3.06 billion ($2.2 billion).

Discussions over a cash offer of A$4.50 a share are “preliminary, highly conditional and uncertain as to an outcome,” Uniti said in a statement.