InsideArbitrage Potential Deal Alert: WideOpenWest (WOW) Approached by Crestview, DigitalBridge

POTENTIAL DEAL DETAILS

WideOpenWest (WOW) announced that it has received an unsolicited non-binding preliminary proposal from DigitalBridge Investments (DBRG), and various Crestview entities to purchase all of the outstanding shares of WideOpenWest that Crestview does not currently own for $4.80 per share in cash.

WideOpenWest Investor Relations

DigitalBridge Investments Investor Relations

Update(s):

October 11, 2024: Bloomberg reported that WideOpenWest (WOW) is nearing a deal with lenders to raise around $200 million of cash and revamp its debt profile. As part of the proposal lenders would provide the cable operator with a loan that ranks above existing debt in order of repayment priorities. The company also plans to launch a debt exchange.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.