m_and_a
confidence high
sentiment neutral
materiality 0.90
WideOpenWest to be acquired by DigitalBridge/Crestview affiliates for $5.20 per share in cash
WideOpenWest, Inc.
- Merger consideration of $5.20 per share; Crestview, holder of ~37% of WOW common stock, to roll shares into Parent equity.
- Special Committee and Board unanimously recommend adoption; transaction requires stockholder and regulatory approvals.
- Termination fees: $15.8M payable by WOW for superior proposal; $31.6M payable by Parent under certain conditions.
- Credit agreement amended: revolving facility maturity extended to June 30, 2027 (Sept 11, 2028 after close); margins adjusted.
- Named executive officers receive change-in-control severance rights, allowing termination for Good Reason post-close.
item 1.01item 2.03item 5.02item 9.01