WideOpenWest (WOW) director discloses share conversion in $5.20 cash merger
Rhea-AI Filing Summary
WideOpenWest, Inc. director reports cash-out of shares in completed merger. A reporting person serving as a director of WideOpenWest, Inc. (WOW) disclosed the disposition of 51,369 shares of common stock on December 31, 2025, leaving 0 shares beneficially owned directly after the transaction. The shares were converted in connection with the closing of a merger in which Bandit Merger Sub, Inc. merged with and into WideOpenWest, with WideOpenWest continuing as an indirect wholly owned subsidiary of Bandit Parent, LP. At the merger’s effective time, each issued and outstanding share of Company common stock was automatically converted into the right to receive $5.20 per share in cash, without interest and subject to tax withholding. The filing also notes that each outstanding restricted stock award held by the reporting person fully vested and was cancelled, with each underlying share likewise converted into the right to receive the same $5.20 per share cash consideration.
Positive
- None.
Negative
- None.
FAQ
What insider transaction was reported for WideOpenWest (WOW)?
A director of WideOpenWest, Inc. reported the disposition of 51,369 shares of common stock on December 31, 2025, reducing their directly held beneficial ownership to 0 shares.
What price did WideOpenWest (WOW) shareholders receive in the merger?
At the effective time of the merger, each issued and outstanding share of WideOpenWest common stock was automatically converted into the right to receive $5.20 per share in cash, without interest and subject to tax withholding.
What happened to WideOpenWest (WOW) as a result of the merger?
Bandit Merger Sub, Inc. merged with and into WideOpenWest, Inc. on December 31, 2025, and WideOpenWest continued after the merger as a wholly owned indirect subsidiary of Bandit Parent, LP.
How were WideOpenWest (WOW) restricted stock awards treated in the merger?
At the merger’s effective time, each outstanding restricted stock award (RSA) held by the reporting person fully vested, was cancelled, and converted into the right to receive the $5.20 per share cash merger consideration for each underlying share of common stock.
Which WideOpenWest (WOW) shares were excluded from the standard $5.20 cash treatment?
The $5.20 per share cash treatment did not apply to shares held as treasury stock or directly owned by the company, Parent, or Merger Sub, certain rollover shares contributed to Parent by specified stockholders, or shares held by holders who properly exercised appraisal rights, all of which were treated as described in the Merger Agreement.
What agreement governed the WideOpenWest (WOW) merger terms?
The transaction was carried out under an Agreement and Plan of Merger dated August 11, 2025, among WideOpenWest, Inc., Bandit Parent, LP, and Bandit Merger Sub, Inc., which set the merger structure and the $5.20 per share cash consideration.