Knology, Inc. (KNOL) Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by WOW! Internet, Cable & Phone
April 18, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Knology, Inc. (“Knology” or the “Company”) (NASDAQ: KNOL) breached its fiduciary duty to its shareholders in agreeing to sell Knology to WOW! Internet, Cable & Phone.
Under the terms of the agreement, Knology shareholders will receive $19.75 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Knology shareholders and the process by which the Knology Board of Directors considered and approved the transaction.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.