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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 51,369 | $5.20 | $267K |
Footnotes (1)
- In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 11, 2025 (the "Merger Agreement"), by and among WideOpenWest, Inc. (the "Issuer"), Bandit Parent, LP, a Delaware limited partnership ("Parent"), and Bandit Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer on December 31, 2025, with the Issuer continuing after the merger as a wholly owned indirect subsidiary of Parent (the effective time of such merger, the "Effective Time"). At the Effective Time, in accordance with the terms set forth in the Merger Agreement, each issued and outstanding share of common stock of the Company, par value $0.01 per share ("Company Common Stock") (except for shares directly owned by the Company as treasury stock or otherwise, or by Parent or Merger Sub immediately prior to the Effective Time, including any shares of Company Common Stock which were contributed to Parent by certain stockholders of the Company (the "Rollover Stockholders") in accordance with the voting, support and rollover agreement by and among the Rollover Stockholders, the Company and Parent, dated as of the date of the Merger Agreement, (cont'd below) or by any holder who was entitled to demand appraisal and properly exercised such appraisal rights pursuant to Section 262 of the General Corporation Law of the State of Delaware, which, in each case, were treated as described in the Merger Agreement), was automatically converted into the right to receive $5.20 per share in cash, without interest (the "Merger Consideration"), subject to any required tax withholding. At the Effective Time, in accordance with the terms set forth in the Merger Agreement, each outstanding restricted stock award ("RSA") held by the Reporting Person fully vested and was cancelled and converted into the right to receive the Merger Consideration in respect of each share of Company Common Stock subject to such RSA.
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 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.
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.