By Stephen Nakrosis
Broadband provider WideOpenWest said it received an unsolicited, non-binding preliminary acquisition proposal from DigitalBridge Investments and various Crestview entities.
The proposal was received on May 2, the company said Tuesday.
WideOpenWest has formed a special committee of independent directors to evaluate the proposal, the company said. It added Centerview Partners and Wachtell, Lipton, Rosen & Katz have been retained as financial and legal advisers.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 06, 2025 18:02 ET (22:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.