WideOpenWest’s Merger with DigitalBridge for $4.80 Per Share Leads to Investigation - Contact BFA Law to Discuss How this Impacts You

Rhea-AI Summary

On May 3, 2024, WideOpenWest (NYSE: WOW) received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and Crestview to purchase all outstanding shares of WOW for $4.80 per share in cash, excluding shares already owned by Crestview. Legal firm Bleichmar Fonti & Auld LLP (BFA) is investigating whether the terms of the proposal are fair and if the WideOpenWest board of directors might have conflicts of interest. BFA encourages shareholders to contact them to discuss potential legal options. Representation will be on a contingency fee basis, meaning no upfront costs for shareholders.

Positive

• DigitalBridge and Crestview's proposal to purchase WOW shares for $4.80 each offers a clear exit strategy for shareholders.
• BFA's involvement ensures that the terms of the proposal will be scrutinized, potentially leading to improved offer terms for shareholders.
• BFA's successful track record in similar cases suggests the potential for positive outcomes for WOW shareholders.

Negative

• The $4.80 per share offer might be perceived as low, leading to possible dissatisfaction among shareholders.
• The investigation by BFA may imply potential conflicts of interest within WideOpenWest's board, which can negatively impact investor confidence.
• Legal scrutiny and potential litigation could delay the merger process, creating uncertainty and volatility in WOW's stock price.

NEW YORK, NY / ACCESSWIRE / May 24, 2024 / Leading law firm Bleichmar Fonti & Auld LLP is investigating the (NYSE:WOW) WideOpenWest merger with DigitalBridge and Crestview. If you invested in WideOpenWest you are encouraged to contact BFA Law by visiting https://www.bfalaw.com/cases/wideopenwest-inc-investigation.

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 proposed purchase price for WideOpenWest (WOW) shares?

DigitalBridge and Crestview have proposed to purchase all outstanding shares of WOW for $4.80 per share in cash.

Who is investigating the WideOpenWest merger proposal?

Bleichmar Fonti & Auld LLP (BFA) is investigating the proposal to determine its fairness and potential conflicts of interest.

When was the DigitalBridge and Crestview proposal announced?

The proposal was announced on May 3, 2024.

What should WideOpenWest shareholders do if they have concerns about the merger proposal?

Shareholders are encouraged to contact BFA Law to discuss their legal options regarding the proposal.

Are there any costs for WideOpenWest shareholders to seek legal advice from BFA?

No, all representation is on a contingency fee basis, meaning shareholders are not responsible for court costs or litigation expenses.