TW TELECOM SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of TW Telecom, Inc. Over the Proposed Sale of the Company to Level 3 Communications, Inc. Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TW Telecom, Inc.
NEW YORK, June 17, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TW Telecom, Inc. ("TW" or the "Company") (Nasdaq: TWTC) for potential breaches of fiduciary duties in connection with the sale of the Company to Level 3 Communications, Inc. ("Level 3") in a cash and stock deal valued at approximately $5.6 billion. The Company's stockholders will receive $10 in cash and 0.7 shares of Level 3 stock share for each share of TW common stock they own. The deal's value for TW shareholders will be dependent on the performance of Level 3 stock.
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The investigation focuses on whether TW's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of TW's shareholders.
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If you own common stock in TW and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TWTC or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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