Australia's Uniti agrees to $2.7 bln takeover offer from Brookfield, Morrison & Co

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April 14 (Reuters) - Uniti Group (UWL.AX) has agreed to a nearly A$3.62 billion ($2.70 billion) takeover offer by a unit of Canada's Brookfield Asset Management Inc (BAMa.TO) and fund manager Morrison & Co, the Australian telecom firm said on Thursday.

Uniti shares, which have surged more than 50% since entering exclusive talks with Morrison on March 15, were up 3.1% at a record high of A$4.97 in early trading.

Under the potential deal, Uniti shareholders will receive A$5.0 per share, representing a premium of 58.7% to the stock's closing price on March 14, a day before the telecom firm received an initial A$4.50 per share offer from Morrison.

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Uniti's board unanimously recommended that its shareholders vote in favour of the proposal.

Late March, the Morrison-Brookfield consortium matched a rival offer of A$5 a piece from Macquarie Group's (MQG.AX) asset management arm and Canada's Public Sector Pension Investment Board for Uniti.

The proposal required the Australian telecom firm to not engage further with the Macquarie-led consortium or grant it due diligence access.

The proposal for Uniti is Morrison & Co's latest venture into the telecom space after funds managed by it acquired a 49% stake in Telstra's (TLS.AX) mobile tower business last year. read more

Brookfield has also been involved in a number of deals in Australia. In recent weeks, its investment vehicle bought asset manager La Trobe Financial in a $1.1 billion deal, and it had also tried to buy power producer AGL Energy (AGL.AX). read more

($1 = 1.3428 Australian dollars)

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Reporting by Harish Sridharan in Bengaluru; Editing by Vinay Dwivedi and Sherry Jacob-Phillips

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