Law Office of Brodsky & Smith, LLC Announces Investigation of Knology, Inc.
April 23 2012 - 9:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Knology, Inc. (“Knology” or the “Company”) (Nasdaq: KNOL) relating
to the proposed acquisition by WOW! Internet, Cable & Phone.
(“WOW!”).
Under the terms of the transaction, Knology shareholders would
receive only $19.75 in cash for each share of Knology stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Knology for not acting in the Company’s shareholders' best
interests in connection with the sale process to WOW!. The
transaction represents only a slight premium over the price Knology
stock traded at on April 17, 2012.
If you own shares of Knology stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/412-knol-knology-inc.html, or by calling
toll free 877-LEGAL-90.
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