Private Equity Buyout Of Knology, Inc. - Shareholder Investigation By Tripp Levy PLLC On Behalf Of Knology Shareholders
NEW YORK, April 18, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, is investigating the Senior Management and the Board of Directors of Knology, Inc. (Nasdaq: KNOL) for possible breaches of fiduciary duty and other violations of state law. On April 18, 2012, Knology announced that it has entered into a definitive merger agreement with WOW! Internet, Cable & Phone, a company controlled by the private equity firm of Avista Capital Partners, to be acquired for $19.75 per share in cash.
The investigation concerns, among other things, whether the consideration to be paid to Knology shareholders is unfair, inadequate, and substantially below the fair or inherent value of Knology, and whether the senior management of Knology are putting their own self-interests ahead of that of the Company's shareholders.
If you own common stock in Knology and wish to obtain additional information, please contact us at:
Tripp Levy PLLC
Toll free: 877-772-3975
SOURCE Tripp Levy PLLC