WideOpenWest (WOW) director reports 182,282 shares cashed out at $5.20 in merger
Rhea-AI Filing Summary
WideOpenWest, Inc. completed a merger in which all outstanding common shares were converted into cash, and a company director reported the resulting disposition of shares. At the merger's effective time on December 31, 2025, each share of WideOpenWest common stock was automatically converted into the right to receive $5.20 per share in cash, subject to tax withholding. The reporting director disposed of 182,282 shares of common stock at this cash price, leaving 0 shares beneficially owned after the transaction. Restricted stock awards held by the reporting person fully vested at the effective time and were cancelled in exchange for the same $5.20 per share cash consideration.
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FAQ
What insider transaction was reported for WideOpenWest (WOW)?
A WideOpenWest director reported the disposition of 182,282 shares of common stock in connection with the closing of a merger in which those shares were converted into the right to receive $5.20 per share in cash.
What happened to WideOpenWest common stock in the Bandit Parent LP merger?
At the effective time of the merger on December 31, 2025, each issued and outstanding share of WideOpenWest common stock was automatically converted into the right to receive $5.20 per share in cash, except for certain excluded and rollover shares and appraisal shares described in the merger agreement.
How many shares does the reporting person own after this WideOpenWest transaction?
Following the cash-out merger transaction, the reporting person reported beneficial ownership of 0 shares of WideOpenWest common stock.
What consideration did WideOpenWest shareholders receive in the merger?
Shareholders received $5.20 per share in cash, without interest and subject to required tax withholding, for each issued and outstanding share of WideOpenWest common stock at the effective time, subject to the specific exclusions and treatments outlined in the merger agreement.
What happened to the reporting person’s restricted stock awards in the WideOpenWest merger?
At the effective time, each outstanding restricted stock award held by the reporting person fully vested, was cancelled, and was converted into the right to receive the $5.20 per share cash merger consideration for each underlying share of common stock.
Who acquired WideOpenWest in this merger transaction?
WideOpenWest entered into a merger agreement with Bandit Parent, LP and its indirect wholly owned subsidiary Bandit Merger Sub, Inc., under which Bandit Merger Sub merged with and into WideOpenWest, and WideOpenWest became an indirect wholly owned subsidiary of Bandit Parent.