ACQUISITION ALERT BFA LLP Notifies WideOpenWest Shareholders of an Investigation into the Merger with DigitalBridge Investments

Rhea-AI Summary

On May 3, 2024, WideOpenWest (NYSE: WOW) received an unsolicited non-binding proposal from DigitalBridge Investments, and various Crestview entities to purchase all outstanding shares of WOW not currently owned by Crestview for $4.80 per share in cash. Bleichmar Fonti & Auld LLP (BFA) is investigating this proposal for potential conflicts of interest and fairness in the process. BFA encourages shareholders to seek additional information and consider their legal options, as all representation is on a contingency fee basis. BFA is a top international law firm known for its success in securities class actions and shareholder derivative litigation.

Positive

• WideOpenWest received a purchase proposal valuing shares at $4.80 each, potentially providing liquidity for shareholders.
• Bleichmar Fonti & Auld LLP is investigating the proposal, ensuring shareholder interests are protected.

Negative

• The proposal from DigitalBridge Investments is non-binding, creating uncertainty about the deal’s completion.
• There is an ongoing investigation into potential conflicts of interest and fairness by WideOpenWest’s board, which may imply management issues.
• The proposed purchase price may be seen as undervalued by some shareholders, leading to potential dissatisfaction and legal action.

NEW YORK, NY / ACCESSWIRE / May 16, 2024 / If you invested in WideOpenWest (NYSE: WOW) 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.

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

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 recent proposal for WideOpenWest (WOW) shares?

DigitalBridge Investments, proposed to purchase all outstanding WOW shares not owned by Crestview for $4.80 per share in cash.

When was the proposal for WideOpenWest (WOW) shares announced?

The proposal was announced on May 3, 2024.

What is BFA Law investigating regarding the WOW merger proposal?

BFA Law is investigating potential conflicts of interest and fairness in the proposal process by WideOpenWest's board.

How can WideOpenWest (WOW) shareholders get more information about the investigation?

Shareholders can visit https://www.bfalaw.com/cases/wideopenwest-inc-investigation for more details.

What legal options do WOW shareholders have regarding the merger proposal?

WOW shareholders may have legal options and are encouraged to contact BFA Law for more information.

Is there a cost for WOW shareholders to seek legal representation from BFA Law?

No, BFA Law's representation is on a contingency fee basis, meaning there are no costs to shareholders for court expenses or litigation fees.