WideOpenWest, Inc. (WOW) insiders roll equity into Bandit Parent deal
Rhea-AI Filing Summary
WideOpenWest, Inc. and Crestview-affiliated insiders completed an equity rollover tied to the company’s take-private merger. Bandit Merger Sub, Inc. merged with and into WideOpenWest, Inc. on December 31, 2025, with WideOpenWest continuing as a wholly owned subsidiary of Bandit Parent, LP. In connection with this merger, Crestview-related funds and individual directors who were 10% owners entered into a Voting, Support and Rollover Agreement.
Under this agreement, the individual rolling stockholders first transferred all of their WideOpenWest common stock to Crestview Advisors, L.L.C. Those shares, together with common stock held by Crestview funds, were then contributed to the merger subsidiary in exchange for equity interests in Bandit HoldCo, Inc., which were subsequently contributed to Bandit Parent, LP. The filing notes that the closing price of WideOpenWest common stock immediately prior to the merger was $5.20 per share.
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FAQ
What insider transaction did Crestview report for WideOpenWest (WOW)?
Crestview-affiliated funds and individual directors reported rolling their WideOpenWest common stock into the acquisition structure, contributing those shares to the merger subsidiary in exchange for equity interests in Bandit HoldCo, Inc. and ultimately Bandit Parent, LP.
What happened to WideOpenWest, Inc. in the reported transaction?
Bandit Merger Sub, Inc. merged with and into WideOpenWest, Inc. on December 31, 2025, and WideOpenWest continued after the merger as a wholly owned subsidiary of Bandit Parent, LP.
Who were the Rollover Stockholders in the WideOpenWest (WOW) merger?
The Rollover Stockholders included Crestview W1 TE Holdings, LLC, Crestview W1 Holdings, L.P., Crestview W1 Co-Investors, LLC, Crestview Advisors, L.L.C. and individual stockholders Brian P. Cassidy, Daniel G. Kilpatrick, and Barry S. Volpert.
What price is disclosed for WideOpenWest (WOW) shares before the merger closed?
The filing states that the closing price of WideOpenWest common stock immediately prior to the merger was $5.20 per share.
How did Crestview’s board representatives participate in the WideOpenWest merger?
Messrs. Volpert, Kilpatrick and Cassidy, who served on the WideOpenWest board of directors, assigned all rights, title and interest in certain director fee shares granted under the company’s omnibus incentive plan to Crestview Advisors, L.L.C., and those shares were included in the rollover into the merger structure.
Does Crestview claim full beneficial ownership of the WideOpenWest securities reported?
The filing states that each reporting person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest in them.