Deals
Macquarie, PSP Makes $2.5 Billion Rival Bid for Australia’s Uniti
- Macquarie-led rivals offering $2.5 billion for Australia firm
- Morrison last week tabled a solo bid of A$4.5 per share
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A unit of Brookfield Infrastructure Partners has joined HRL Morrison & Co.’s camp vying for Uniti Group Ltd. as a bidding war breaks out over the Australian telecommunications company.
Uniti has granted a new exclusivity agreement that covers both Brookfield Infrastructure Group Australia Pty and the New Zealand infrastructure investment firm, according to a statement to the exchange Thursday.