Faruqi & Faruqi, LLP Announces Investigation of Knology, Inc.
April 18 2012 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Knology, Inc. (“Knology” or the “Company”) (NASDAQ:
KNOL) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to WOW! Internet,
Cable & Phone, controlled by Avista Capital Partners, in an
all-cash transaction valued at approximately $1.4 billion. Under
the terms of the proposed transaction, Knology shareholders will
receive $19.75 in cash per each share of Knology common stock they
own.
Request more information now by clicking here:
www.faruqilaw.com/KNOL. There is no cost or obligation to you.
Whether Knology’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Knology’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of Knology’s shareholders are the key
focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Knology and wish to obtain additional
information and protect your investment free of charge, please
visit us at www.faruqilaw.com/KNOL or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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