Uniti Group: Successfully completes $152M institutional entitlement offer
- Uniti Group has successfully completed the institutional component of an entitlement offer to partly fund the acquisition of OptiComm
- Then the remaining $118M will raised through the retail component of the fully underwritten one for 1.68 entitlement offer
- If the acquisition goes ahead, the combined businesses could have a market capitalisation eligible for ASX 200 listing
- With the successful completion of the institutional entitlement offer, Uniti is one step closer to achieving a big milestone
- Then the institutional component well-supported by existing UWL investors
- Uniti Group closed Tuesday’s session 7.8 per cent higher, with shares trading for $1.66 each
