WideOpenWest (WOW) director exits 125,187 shares at $5.20 in merger
Rhea-AI Filing Summary
WideOpenWest, Inc. director Jeffrey Marcus reported the cash-out of his common stock in connection with the company’s merger with Bandit Parent, LP. On 12/31/2025, 125,187 shares of WideOpenWest common stock were disposed of at a price of $5.20 per share under the merger terms, leaving him with zero shares beneficially owned after the transaction.
The filing explains that Bandit Merger Sub, Inc. merged with WideOpenWest, which continues as an indirect wholly owned subsidiary of Bandit Parent, LP. At the merger’s effective time, each issued and outstanding share of WideOpenWest common stock (subject to specified exceptions) was automatically converted into the right to receive $5.20 in cash per share, without interest and subject to tax withholding. Restricted stock awards held by the reporting person fully vested and were cancelled in exchange for the same cash consideration per underlying share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 125,187 | $5.20 | $651K |
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.