TW TELECOM INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces
Investigation Of Buyout
WILMINGTON, Del. -- June 19, 2014
Rigrodsky & Long, P.A.:
*Do you own shares of tw telecom inc. (NASDAQ GS: TWTC)?
*Did you purchase any of your shares prior to June 16, 2014?
*Do you think the proposed buyout price is too low?
*Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of tw telecom inc. (“tw telecom” or the
“Company”) (NASDAQ GS: TWTC) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an agreement
to be acquired by Level 3 Communications, Inc. (“Level 3”) (NYSE: LVLT), in a
transaction valued at approximately $7.3 billion.
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Under the terms of the agreement, public shareholders of tw telecom would
receive $10.00 in cash and 0.7 shares of Level 3 for each share of tw telecom
they own. Based on Level 3’s closing stock price on June 13, 2014, tw telecom
shareholders would have received consideration valued at approximately $40.86
The investigation concerns whether tw telecom’s board of directors failed to
adequately shop the Company and obtain the best possible value for tw
telecom’s shareholders before entering into an agreement with Level 3.
If you own the common stock of tw telecom and purchased your shares before
June 16, 2014, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky &
Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
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