NEW YORK, June 08, 2024 (GLOBE NEWSWIRE) — Main regulation agency Bleichmar Fonti & Auld LLP is investigating the WideOpenWest (NYSE: WOW) merger with DigitalBridge and Crestview. If you happen to invested in WideOpenWest you might be inspired to contact BFA Legislation by visiting https://www.bfalaw.com/circumstances/wideopenwest-inc-investigation.
Declare Particulars:
On Might 3, 2024, WideOpenWest, Inc. introduced receipt of an unsolicited non-binding preliminary proposal from DigitalBridge Investments, LLC and numerous Crestview entities to buy the entire excellent shares of WOW! that Crestview doesn’t presently personal for $4.80 per share in money. BFA Legislation is presently investigating the proposal to find out whether or not WideOpenWest, Inc.’s board of administrators is conflicted, partaking in an unfair course of, and agreeing to an unfair quantity to be paid to shareholders.
Whereas the Particular Committee could negotiate for a larger quantity of consideration, we imagine Crestview is opportunistically timing the merger negotiations to coincide with a brief despair within the Firm’s inventory worth. For instance, on Might 30, 2024, LB Companions, a 7.9% holder of WOW widespread inventory, issued a public letter deriding the $4.80 provide as insufficient. In line with that letter, LB Companions believes {that a} conservative worth for the Firm is north of $10.00 per share. Furthermore, LB Companions believes that Crestview is opportunistically timing the negotiations to benefit from materials capital investments which are but to show a revenue.
Shareholders are inspired to submit your info to search out out about your rights.
Submit your info right here: https://www.bfalaw.com/circumstances/wideopenwest-inc-investigation.
Subsequent Steps:
If you happen to presently personal shares of WideOpenWest, Inc. you could have authorized choices and are inspired to contact the agency.
All illustration is on a contingency charge foundation. Shareholders aren’t chargeable for any court docket prices or bills of litigation, there is no such thing as a value to you. The agency will search court docket approval for any potential charges and bills.
To talk with an legal professional for extra info go to:
https://www.bfalaw.com/circumstances/wideopenwest-inc-investigation
Or contact:
Ross Shikowitz
ross@bfalaw.com
212-789-2303
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a number one worldwide regulation agency representing plaintiffs in securities class actions and shareholder spinoff litigation. It was named among the many Prime 5 plaintiff regulation companies by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Amongst its latest notable successes, BFA recovered over $900 million in worth from Tesla (NASDAQ:), Inc.’s Board of Administrators (pending court docket approval), in addition to $420 million from Teva Pharmaceutical (NYSE:) Ind. Ltd.
For extra details about BFA and its attorneys, please go to https://www.bfalaw.com.
https://www.bfalaw.com/circumstances/wideopenwest-inc-investigation
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