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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Uniti Group Inc | NASDAQ:UNIT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.23 | 3.96% | 6.04 | 6.03 | 6.04 | 6.06 | 5.80 | 5.80 | 1,348,013 | 20:48:50 |
From May 2022 to May 2024
By Stephen Nakrosis
Shares of Uniti Group Inc. were trading lower after hours Tuesday following news the real estate investment trust plans to offer $300 million in convertible senior notes due 2027.
At 5:01 p.m. EST, the company's shares had fallen 10.5% to trade at $6.31. The stock finished the day's regular session with a 2.89% loss at $7.05 per share.
The stock touched a 52-week low of $6.35 per share on Oct. 13. Year to date, it is down by nearly 50%.
The company also said it plans to grant initial purchasers an option to buy up to an additional $45 million of the convertible notes during a 13-day period.
Uniti has a market cap of $1.72 billion, 237.2 million shares outstanding and a public float of 230.77 million shares.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 06, 2022 17:38 ET (22:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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