WideOpenWest (WOW) director reports 182,282 shares cashed out at $5.20 in merger
Rhea-AI Filing Summary
WideOpenWest, Inc. completed a merger in which all outstanding common shares were converted into cash, and a company director reported the resulting disposition of shares. At the merger's effective time on December 31, 2025, each share of WideOpenWest common stock was automatically converted into the right to receive $5.20 per share in cash, subject to tax withholding. The reporting director disposed of 182,282 shares of common stock at this cash price, leaving 0 shares beneficially owned after the transaction. Restricted stock awards held by the reporting person fully vested at the effective time and were cancelled in exchange for the same $5.20 per share cash consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 182,282 | $5.20 | $948K |
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 WideOpenWest director reported the disposition of 182,282 shares of common stock in connection with the closing of a merger in which those shares were converted into the right to receive $5.20 per share in cash.
What happened to WideOpenWest common stock in the Bandit Parent LP merger?
At the effective time of the merger on December 31, 2025, each issued and outstanding share of WideOpenWest common stock was automatically converted into the right to receive $5.20 per share in cash, except for certain excluded and rollover shares and appraisal shares described in the merger agreement.
What happened to the reporting person’s restricted stock awards in the WideOpenWest merger?
At the effective time, each outstanding restricted stock award held by the reporting person fully vested, was cancelled, and was converted into the right to receive the $5.20 per share cash merger consideration for each underlying share of common stock.
Who acquired WideOpenWest in this merger transaction?
WideOpenWest entered into a merger agreement with Bandit Parent, LP and its indirect wholly owned subsidiary Bandit Merger Sub, Inc., under which Bandit Merger Sub merged with and into WideOpenWest, and WideOpenWest became an indirect wholly owned subsidiary of Bandit Parent.