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
Jason@blockesq.com.
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.
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Contact:
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BLOCK
& LEVITON LLP
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Jason M.
Leviton, Esq.
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Jason@blockesq.com
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(617)
398-5620
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SOURCE Block & Leviton LLP