Uniti Group: Stockholders Greenlight Merger with Windstream
Deal News | Apr 02, 2025 | EIN
Uniti Group Inc. shareholders have approved a proposed merger with Windstream Holdings II, LLC. Over 90% of Uniti's common stock voted in favor, during a special meeting. This merger will see an affiliate of Windstream merge into Uniti, creating a new entity with Uniti as an indirect, wholly owned subsidiary of Windstream Parent, Inc., which will be renamed Uniti Group Inc. on completion. Uniti shareholders will receive approximately 62% of the combined entity's common stock, while Windstream shareholders will gain $425 million in cash, $575 million in preferred stock, and around 38% of the combined stock, plus non-voting warrants to purchase additional shares. This transaction, aiming to close in the second half of 2025 pending regulatory approvals, forecasts synergies and enhanced market presence. Uniti, a real estate investment trust, holds a significant communications infrastructure footprint in the US, while Windstream, a telecommunications stalwart, will benefit from this strategic realignment towards expansion and growth.
Sectors
- Telecommunications
- Real Estate Investment Trust (REIT)
- Mergers and Acquisitions
Geography
- United States – Uniti's operations and assets, as well as the merger activity, are based in the United States.
Industry
- Telecommunications – The merger involves Uniti Group Inc., a provider of fiber and wireless solutions, and Windstream Holdings, a company in the telecommunications sector.
- Real Estate Investment Trust (REIT) – Uniti is mentioned as a REIT, engaged in critical infrastructure acquisition and construction for communications.
- Mergers and Acquisitions – The article describes a merger between Uniti Group Inc. and Windstream Holdings II, LLC.
Financials
- 425 million – Cash component to be received by Windstream shareholders.
- 575 million – Preferred stock in the combined company to be received by Windstream shareholders.
- 62% – Percentage of the combined company's outstanding common stock to be held by Uniti shareholders.
- 38% – Percentage of the combined company's outstanding common stock to be held by Windstream shareholders.
- 6.9% – Non-voting warrants to acquire this percentage of common stock available to Windstream shareholders.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Uniti Group Inc. | Target Company | Company | An internally managed real estate investment trust that provides fiber and wireless solutions across the United States. |
| Windstream Holdings II, LLC | Bidding Company | Company | A telecommunications company planning to merge with Uniti Group Inc. |
| Windstream Parent, Inc. | Other Company | Company | Will become the parent company after the merger as Uniti is absorbed and will be renamed Uniti Group Inc. |
| Nasdaq Global Market | Other Company | Company | The stock exchange where the new Uniti Group Inc. will be listed post-merger. |