UNIT - The Lease Dispute Between Windstream And Uniti Group Is Not Over Yet
The hearing to approve the "lease" settlement between Windstream Holdings (WINMQ) and Uniti Group (UNIT) is currently set for April 21, but letters sent to Judge Drain last week clearly indicate that there is very strong opposition to the negotiated agreement. The Ch.11 reorganization plan and disclosure statement were also filed last week. Given current economic conditions and that UNIT is currently selling for under $6.33 per share, there is the possibility that both the "lease" settlement and reorganization plan will be amended.
Windstream's Ch.11 Reorganization Plan
Windstream finally filed their Ch.11 reorganization plan (