m_and_a
confidence high
sentiment neutral
materiality 0.90
Uniti completes merger with Windstream; legacy holders receive 0.6029 shares each
Uniti Group Inc.
- Uniti and Windstream complete merger; legacy Uniti stockholders receive 0.6029 shares per share, own ~62% of combined company.
- Windstream equity holders get ~35.42% common stock, $575M preferred stock (11% initial dividend), and warrants representing 6.9%.
- New board appointed with 10 members; Kenneth Gunderman remains CEO; Uniti converted from REIT to LLC.
- Uniti intends to combine Legacy Uniti and Windstream debt silos by August 4, 2025.
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