Science & Technology
Thu, April 19, 2012
STEVENSON, Md.--([ 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. (aKnologya) (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 (aWOW!a). The firmas 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.