Pomerantz Law Firm Investigates Claims on Behalf of Investors of Knology, Inc.
April 18 2012 - 3:23PM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of Knology, Inc. (“Knology” or the
“Company”) (NASDAQ: KNOL) (ISIN: US4991838040) concerning the
proposed acquisition of Knology by WOW! Internet, Cable & Phone
in a cash transaction valued at approximately $1.5 billion.
The investigation concerns whether the Knology directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, Knology shareholders would receive $19.75 in cash per
share of Knology common stock. However, the price to EBITDA, EBIT,
Revenue, Total Assets and Net Income multiples are below that of
comparable deals. Additionally, at least one analyst has set a
target price for the Knology stock at $20 per share.
Knology shareholders seeking more information about this
acquisition are advised to contact Rebecca Jarmon at
rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and
Washington, D.C., is acknowledged as one of the premier firms in
the areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
Knology, Inc. (MM) (NASDAQ:KNOL)
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