Uniti Group Inc. Stockholders Approve Proposed Merger with Windstream Holdings II, LLC

Core Viewpoint - Uniti Group Inc. announced that its stockholders approved the merger with an affiliate of Windstream Holdings II, LLC, with over 90% of shares voting in favor of the merger [1][3]. Merger Details - The merger will result in Uniti becoming an indirect, wholly owned subsidiary of Windstream Parent, Inc., which will be renamed "Uniti Group Inc." [3] - Uniti stockholders will receive approximately 62% of the outstanding common stock of the combined company, while Windstream shareholders will receive $425 million in cash,$575 million in preferred stock, and approximately 38% of the outstanding common stock of the combined company [3]. - Windstream shareholders will also receive non-voting warrants to acquire up to 6.9% of the common stock of the combined company [3]. Timeline and Regulatory Approvals - The transaction is expected to close in the second half of 2025, pending certain regulatory approvals [4]. Company Background - Uniti is an internally managed real estate investment trust focused on acquiring and constructing mission-critical communications infrastructure, owning approximately 145,000 fiber route miles and 8.8 million fiber strand miles across the United States as of December 31, 2024 [5].