Knology, Inc. Merger Litigation (Nasdaq: KNOL)
Law Office of Brodsky & Smith, LLC Announces Investigation of Knology, Inc.
BALA CYNWYD, April 19, 2012/PR Newswire/ –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-News) 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 firstname.lastname@example.org or by calling toll free 877-LEGAL-90.
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