HRL Morrison and Brookfield Asset Management to acquire Uniti Group for $2.7bn.

HRL Morrison, a specialist alternative asset manager focusing primarily on infrastructure, private equity and property investment, and Brookfield Asset Management, an alternative asset management company, offered to acquire Uniti Group, an Australian fibre infrastructure firm, for $2.7bn. Uniti said the indicative proposal was subject to a number of conditions, including satisfactory completion of due diligence, regulatory approval and the bidders receiving internal final approvals for the acquisition. The board is currently considering the proposal. March 23, 2022, The Morrison-Brookfield consortium matched a rival offer of A$5 a piece from Macquarie Group's asset management arm and Canada's Public Sector Pension Investment Board for Uniti.