Kendall Law Group Investigates Knology, Inc.
18 Aprile 2012 - 5:58PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Knology, Inc. (NASDAQ: KNOL) for shareholders in
connection with the proposed acquisition by WOW! Internet, Cable
& Phone. The national securities firm’s investigation seeks to
determine whether Knology and its Board breached their fiduciary
duties by entering into the agreement without properly shopping for
a deal that would provide better value for shareholders. If you are
a Knology shareholder and would like additional information about
your rights, contact the Kendall Law Group at 877-744-3728 or by
email at investor@kendalllawgroup.com.
On April 18, 2012, the companies announced the definitive merger
agreement under which Knology would be acquired by WOW!, in a
transaction valued at approximately $750 million. Under the terms
of the agreement, Knology stockholders will receive $19.75 in cash
for each share of Knology/KNOL common stock held. The offer
represents a 9.4 percent premium to Knology’s closing price on
Tuesday. The firm’s investigation seeks to determine whether
Knology and its Board undertook a fair process in negotiating the
deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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