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Uniti has now lifted its cash and scrip offer for OptiComm from $5.20 a share to match the Aware (First State) Super cash offer. The revised $4.835 a share cash plus scrip* bid, to get to $5.85 a share, and match the $600 million offer by First State Super.
*0.80537 Uniti shares per OptiComm share (which implies $1.015 per OptiComm share calculated on the basis of the closing trading price of Uniti shares on 11 September 2020 of $1.26)

Also, UWL and its advisers have come up with a crucial action by effectively convincing OptiComm’s institutional investors to throw their weight behind the Uniti offer. Uniti has grabbed a 6 per cent stake in OptiComm and has a call option over another 13.5 per cent, giving it an effective blocking stake of 19.5 per cent. Given management holds about 40 per cent of OptiComm, it will be hard for Aware to build a similar stake in the business.

Uniti and its advisers believe the super fund won’t launch a hostile bid, so it feels confident that it has struck the vital blow (and market action today bears this out).

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<blockquote data-quote="Dona Ferentes" data-source="post: 1093636" data-attributes="member: 66457">Uniti has now lifted its cash and scrip offer for OptiComm from $5.20 a share to match the Aware (First State) Super cash offer. The revised $4.835 a share cash plus scrip* bid, to get to $5.85 a share, and <a href="https://www.afr.com/street-talk/ica-partners-allens-help-first-state-storm-opticomm-20200908-p55tfo" target="_blank">match the $600 million offer by First State Super.</a>*0.80537 Uniti shares per OptiComm share (which implies $1.015 per OptiComm share calculated on the basis of the closing trading price of Uniti shares on 11 September 2020 of $1.26) Also, UWL and its advisers have come up with a crucial action by effectively convincing OptiComm’s institutional investors to throw their weight behind the Uniti offer.&nbsp; Uniti has grabbed a 6 per cent stake in OptiComm and has a call option over another 13.5 per cent, giving it an effective blocking stake of 19.5 per cent. Given management holds about 40 per cent of OptiComm, it will be hard for Aware to build a similar stake in the business.Uniti and its advisers believe the super fund won’t launch a hostile bid, so it feels confident that it has struck the vital blow (and market action today bears this out).[ATTACH=full]109168[/ATTACH]</blockquote>

[QUOTE="Dona Ferentes, post: 1093636, member: 66457"] Uniti has now lifted its cash and scrip offer for OptiComm from $5.20 a share to match the Aware (First State) Super cash offer. The revised $4.835 a share [B][I]cash plus scrip[/I][/B]* bid, to get to $5.85 a share, and [URL='https://www.afr.com/street-talk/ica-partners-allens-help-first-state-storm-opticomm-20200908-p55tfo']match the $600 million offer by First State Super.[/URL] [I][SIZE=2]*0.80537 Uniti shares per OptiComm share (which implies $1.015 per OptiComm share calculated on the basis of the closing trading price of Uniti shares on 11 September 2020 of $1.26) [/SIZE][/I] Also, UWL and its advisers have come up with a crucial action by effectively convincing OptiComm’s institutional investors to throw their weight behind the Uniti offer. Uniti has grabbed a 6 per cent stake in OptiComm and has a call option over another 13.5 per cent, giving it an effective blocking stake of 19.5 per cent. Given management holds about 40 per cent of OptiComm, it will be hard for Aware to build a similar stake in the business. Uniti and its advisers believe the super fund won’t launch a hostile bid, so it feels confident that it has struck the vital blow (and market action today bears this out). [ATTACH type="full" alt="1600150175268.png"]109168[/ATTACH] [/QUOTE]

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