NYSE WOW ALERT Potential Merger between WideOpenWest and DigitalBridge Investments Being Investigated Shareholders Encouraged to Contact BFA LLP for Information

Rhea-AI Summary

On May 3, 2024, WideOpenWest received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and Crestview entities to purchase all outstanding shares not owned by Crestview for $4.80 per share in cash. Bleichmar Fonti & Auld LLP (BFA) is investigating whether the proposal is fair and if the board of directors is conflicted. Shareholders are encouraged to obtain more information and explore legal options. Representation is on a contingency fee basis, with no upfront costs for shareholders. For more details, visit BFA's website or contact their attorneys.

Positive

• WideOpenWest received a buyout offer of $4.80 per share in cash.
• BFA is investigating potential conflicts of interest, which might protect shareholder interests.
• Legal representation is offered on a contingency fee basis, reducing financial risk for shareholders.
• BFA has a strong track record in securities class actions, recently recovering substantial sums from notable companies.

Negative

• The proposal is unsolicited and non-binding, indicating uncertainty and potential for rejection.
• The investigation might uncover conflicts or unfair practices by WideOpenWest's board, potentially harming investor trust.
• The offer price may be perceived as undervaluing the company's shares, leading to dissatisfaction among shareholders.

NEW YORK, NY / ACCESSWIRE / May 14, 2024 / If you invested in WideOpenWest you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/wideopenwest-inc-investigation, or contacting us below.

Claim Details:

On May 3, 2024, WideOpenWest, Inc. announced receipt of an unsolicited non-binding preliminary proposal from DigitalBridge Investments, LLC and various Crestview entities to purchase all of the outstanding shares of WOW! that Crestview does not currently own for $4.80 per share in cash. BFA Law is currently investigating the proposal to determine whether WideOpenWest, Inc.'s board of directors is conflicted, engaging in an unfair process, and agreeing to an unfair amount to be paid to shareholders.

Click here https://www.bfalaw.com/cases/wideopenwest-inc-investigation for more information.

Next Steps:

If you currently own shares of WideOpenWest, Inc. you may have legal options.

All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation, there is no cost to you. The firm will seek court approval for any potential fees and expenses.

To speak with an attorney for more information visit:

https://www.bfalaw.com/cases/wideopenwest-inc-investigation

Or contact us at:

Ross Shikowitz
ross@bfalaw.com
212-789-2303

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder derivative litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

Attorney advertising. Past results do not guarantee future outcomes.

SOURCE: Bleichmar Fonti & Auld LLP

View the original press release on accesswire.com

FAQ

What is the latest buyout offer for WideOpenWest (WOW)?

DigitalBridge Investments and Crestview entities have proposed to buy all outstanding shares not owned by Crestview for $4.80 per share in cash.

Who is investigating the potential merger of WideOpenWest?

Bleichmar Fonti & Auld LLP (BFA) is investigating the proposal to determine if the board of directors is conflicted and if the offer is fair.

What are the potential conflicts in the WideOpenWest merger proposal?

BFA is examining whether the board of directors is conflicted and if the proposed buyout process and amount are fair to shareholders.

How can WideOpenWest shareholders get more information about their legal options?

Shareholders can visit BFA's website or contact their attorneys for more information and explore legal options.

Are there any costs for WideOpenWest shareholders to seek legal representation from BFA?

No, legal representation is on a contingency fee basis, meaning shareholders are not responsible for court costs or litigation expenses.