Science & Technology
Wed, April 18, 2012
DALLAS--([ 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 firmas 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 Knologyas closing price on Tuesday. The firmas 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.