SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of tw telecom inc. In Connection With The Proposed Sale Of The Company To Level 3 Communications, Inc.
STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of tw telecom inc. (“tw telecom” or the “Company”) (NasdaqGS: TWTC) and other violations of state law by the board of directors of tw telecom relating to the proposed buyout of the Company by Level 3 Communications, Inc. (“Level 3”).
Under the terms of the transaction, tw telecom shareholders will receive $10 in cash and 0.7 of a Level 3 share for each share of tw telecom stock they own, representing an approximate value of $40.86 per tw telecom share. The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Level 3 is underpaying for tw telecom shares.
If you currently own common stock of tw telecom and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.