BOSTON, April 19, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of Knology, Inc. ("Knology" or the "Company") (Nasdaq: KNOL) with regards to the proposed acquisition of the Company by WOW! Internet, Cable & Phone (WOW!) in a going private transaction valued at approximately $1.5 billion. The transaction is for $19.75 per share, or a paltry 9% premium over the Company's latest closing price on April 17, 2012.
Block & Leviton's investigation seeks to determine, among other things, whether Knology's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction. The Company's share price had traded as high as $19.73 per share as recently as March 28, 2012 – i.e., nearly the same as the proposed acquisition price without any premium.
If you are a Knology shareholder and have information relevant to this matter or have questions about your legal rights, please contact Jason M. Leviton of Block & Leviton at (617) 398-5620 or email him at [email protected].
Block & Leviton is a Boston-based law firm representing investors for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.
This notice may constitute attorney advertising.
SOURCE Block & Leviton LLP