WILMINGTON, Del.--(BUSINESS WIRE)--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.
Click here to learn more: http://www.rigrodskylong.com/investigations/tw-telecom-inc-twtc.
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 per share.
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 email@example.com, or at: http://www.rigrodskylong.com/investigations/tw-telecom-inc-twtc.
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 States.
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