Uniti Group Inc. (“Uniti” or the “Company”) announced that its stockholders voted to approve the previously announced proposed merger with an affiliate of Windstream Holdings II, LLC (“Windstream”) and certain other related proposals at a special meeting of the Company’s stockholders.
Over 90% of the shares of Uniti common stock present and represented at the special meeting voted in favor of the proposed merger. Uniti was spun out of Windstream a few years ago.
The final voting results for the special meeting will be filed in a Form 8-K with the U.S. Securities and Exchange Commission on April 2, 2025.
As previously announced, under the terms of the definitive merger agreement, an affiliate of Windstream will merge with and into Uniti, with Uniti surviving the merger as an indirect, wholly owned subsidiary of Windstream Parent, Inc. (the “Merger”).
Windstream Parent, Inc. will be renamed “Uniti Group Inc.” in connection with the Merger, and its common stock is expected to be listed on the Nasdaq Global Market under the symbol “UNIT.”
Uniti stockholders will receive approximately 62% of the outstanding common stock of the combined company. Windstream shareholders will receive USD 425 million of cash, USD 575 million of preferred stock in the combined company and approximately 38% of the outstanding common stock of the combined company. Windstream shareholders will additionally receive non-voting warrants to acquire up to 6.9% of common stock of the combined company.
The transaction is expected to close in the second half of 2025, subject to the receipt of certain regulatory approvals.
