Law Firm Brower Piven Announces Investigation in Connection With Knology, Inc. Buyout
18 Aprile 2012 - 6:26PM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Knology, Inc. (“Knology”) (Nasdaq: KNOL)
and other violations of state law by the board of directors of
Knology relating to the proposed buyout of the company by WOW!
Internet, Cable & Phone (“WOW!”). The firm’s investigation
seeks to determine, among other things, whether the board breached
its fiduciary duties by failing to maximize shareholder value.
On April 18, 2012, Knology and WOW! announced that they had
entered into a definitive Merger agreement providing for WOW! to
acquire Knology for approximately $1.5 billion. Under the terms of
the buyout transaction, Knology shareholders will receive $19.75
for each share of Knology common stock held.
If you currently own shares of Knology and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
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