Knology, Inc. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Law Offices of Howard G. Smith
April 20 2012 - 4:55PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Knology, Inc. (“Knology” or the “Company”) (NASDAQ: KNOL) related
to the proposed acquisition of the Company by Wow Internet, Cable
& Phone. The transaction is valued at approximately $1.5
billion including debt, or $19.75 per share.
This investigation concerns whether the Board of Directors of
Knology breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction.
If you are a shareholder of Knology, if you have information or
would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
Knology, Inc. (MM) (NASDAQ:KNOL)
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