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New York, New York–(Newsfile Corp. – June 14, 2024) – Main regulation agency Bleichmar Fonti & Auld LLP is investigating the WideOpenWest (NYSE: WOW) merger with DigitalBridge and Crestview. In case you invested in WideOpenWest you’re inspired to contact BFA Regulation by visiting https://www.bfalaw.com/cases/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 all the excellent shares of WOW! that Crestview doesn’t at present personal for $4.80 per share in money. BFA Regulation is at present 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 might negotiate for a larger quantity of consideration, we imagine Crestview is opportunistically timing the merger negotiations to coincide with a brief melancholy within the Firm’s inventory value. 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 keeping 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 make the most of materials capital investments which are but to show a revenue.
Shareholders are inspired to submit your data to search out out about your rights.
Submit your data right here: https://www.bfalaw.com/cases/wideopenwest-inc-investigation.
Subsequent Steps:
In case you at present personal shares of WideOpenWest, Inc. you’ll have authorized choices and are inspired to contact the agency.
All illustration is on a contingency payment foundation. Shareholders are usually not accountable for any courtroom prices or bills of litigation, there is no such thing as a value to you. The agency will search courtroom approval for any potential charges and bills.
To talk with an lawyer for extra data go to:
https://www.bfalaw.com/cases/wideopenwest-inc-investigation
Or contact:
Ross Shikowitz
[email protected]
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 litigation. It was named among the many High 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, Inc.’s Board of Administrators (pending courtroom approval), in addition to $420 million from Teva Pharmaceutical Ind. Ltd.
For extra details about BFA and its attorneys, please go to https://www.bfalaw.com.
https://www.bfalaw.com/cases/wideopenwest-inc-investigation
Legal professional promoting. Previous outcomes don’t assure future outcomes.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/212903
