Uniti Group Inc. (Nasdaq: UNIT) of Little Rock announced Wednesday that its stockholders have approved the company’s merger with Windstream Holdings Inc. of Little Rock. The company held a special meeting Wednesday morning, where more than 90% of the shares present voted in favor of the proposed merger.
Stockholders voted on three other proposals related to the merger, all of which were approved. The other proposals give a non-binding green light for Uniti executive compensation packages related to the merger, amend Uniti’s charter to allow the company to seek damages on behalf of stockholders if Windstream breaches the merger agreement and converts Uniti from a Maryland corporation to a Delaware corporation.
There were 244,229,237 shares of common stock of Uniti as of Feb. 10. Each share was entitled to one vote with respect to each proposal. Approximately 82.96% of the total shares were present at the meeting.
The merger is still expected to close in the second half of 2025, subject to the regulatory approvals.
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