(Reuters) – Australia’s OptiComm Ltd OPC.AX said on Friday it had agreed to be acquired by Uniti Group Ltd UWL.AX in a deal valued at A$694.2 million ($505.03 million), bringing an end to a two-month takeover battle for the fibre infrastructure provider.
OptiComm shareholders backed a revised cash plus stock offer of A$6.67 per share made by Uniti last month, after pension fund Aware Super’s exit from the race.
Shares of OptiComm have climbed nearly a quarter from Uniti’s first offer.
