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UNIT - Windstream/Uniti Settlement: Worse Than Expected
Uniti Group Inc.
Windstream (WINMQ) ("Win") and Uniti (UNIT) recently settled their lawsuit that started in June 2019. As a result, Uniti transfers over a billion dollars of value to the Win creditors and the future shareholders. The settlement will cost Uniti five to ten dollars a share.
This article starts with an update on a previous article with the title "Windstream/Uniti Settlement: Better Than Expected". Well, with some more details, we may have to change our mind: "Worse than expected". Thereafter, we take a look at the value of the shares of Uniti.