Knology Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate the Acquisition of Knology, Inc. by WOW!
April 18 2012 - 12:20PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Knology, Inc. (“Knology” or
“KNOL”) (NASDAQ: KNOL) to WOW! for shareholders. Under the proposed
transaction, Knology shareholders will receive only $19.75 in cash
for each share of Knology stock owned, which is only a 9.4% premium
to the previous days closing price.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive acquisition agreement involves an all cash
transaction with a total value of approximately $1.5 billion,
including debt.
The investigation centers on whether Knology shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Knology stock, and whether
Knology board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. According to
shareholder rights attorney Willie Briscoe, “Based on the lack of a
significant premium to Knology shareholders and the fact that the
sale price is well below the target price set by analysts, the
firms believe that the buyout price may not be fair to Knology
shareholders. Our proposed shareholder lawsuit seeks to obtain the
highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Knology, Inc. (MM) (NASDAQ:KNOL)
Historical Stock Chart
From Oct 2024 to Nov 2024
Knology, Inc. (MM) (NASDAQ:KNOL)
Historical Stock Chart
From Nov 2023 to Nov 2024
