ENGLEWOOD, Colo., May 3, 2024 /PRNewswire/ -- WideOpenWest, Inc.
(NYSE: WOW), a leading broadband services provider, today confirmed
that it has received an unsolicited non-binding preliminary
proposal from DigitalBridge Investments, LLC and various Crestview
entities to purchase all of the outstanding shares of WOW! that
Crestview does not currently own for $4.80 per share in cash.
The WOW! Board of Directors intends to establish a special
committee of independent directors to evaluate the proposal.
WOW! stockholders do not need to take any action at this
time.
WOW! does not undertake any obligation to make any further
public comment or disclosure on matters related to the proposal or
related matters unless and until WOW! determines that additional
disclosure is appropriate or required by law.
About WideOpenWest
WOW! is one of the nation's leading
broadband providers, with an efficient and high-performing network
that passes nearly 2 million residential, business and wholesale
consumers. WOW! provides services in 16 markets, primarily in the
Midwest and Southeast, including Michigan, Alabama, Tennessee, South
Carolina, Georgia and
Florida, including the new
all-fiber networks in Central
Florida and Greenville County,
South Carolina. With an expansive portfolio of advanced
services, including high-speed Internet services, cable TV, home
phone, mobile phone, business data, voice, and cloud services, the
company is dedicated to providing outstanding service at affordable
prices. WOW! also serves as a leader in exceptional human resources
practices, having been recognized 10 times by the National
Association for Business Resources as a Best & Brightest
Company to Work For in the Nation, winning the award for the last
six consecutive years and making the 2022 Top 101 National Winners
list. Visit wowway.com for more information.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included or incorporated in
this press release, including statements regarding WOW!'s strategy,
are forward-looking statements. The words "believes,"
"anticipates," "estimates," "plans," "expects," "intends," "may,"
"could," "should," "potential," "likely," "projects," "predicts,"
"continue," "will," "schedule," and "would" or, in each case, their
negative or other variations or comparable terminology, are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements are predictions based on WOW!'s current
expectations and projections about future events and various
assumptions. WOW! cannot guarantee that it will actually achieve
the plans, intentions, or expectations disclosed in its
forward-looking statements and you should not place undue reliance
on WOW!'s forward-looking statements. These forward-looking
statements involve a number of risks, uncertainties (many of which
are beyond the control of WOW!), or other assumptions that may
cause actual results or performance to differ materially from those
expressed or implied by these forward-looking statements. The
forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the Company's filings with the U.S. Securities and
Exchange Commission, including under Item 1A, "Risk Factors" in the
Company's most recent Annual Report on Form 10-K, as filed with the
Securities and Exchange Commission, and as revised and updated by
our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
The statements made herein are made as of the date of this press
release and, except as may be required by law, WOW! undertakes no
obligation to update them, whether as a result of new information,
developments, or otherwise.
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SOURCE WideOpenWest, Inc.