Knology, Inc. (NASDAQ: KNOL) is pleased to report that Institutional
Shareholder Services Inc. (ISS) and Glass Lewis & Co., two leading
independent proxy advisory firms, both support the merger agreement
providing for the acquisition of Knology by WideOpenWest Finance, LLC
(WOW) and recommend that Knology stockholders vote “FOR” the adoption of
the merger agreement.
As previously announced, on April 18, 2012, Knology entered into an
Agreement and Plan of Merger (the “merger agreement”) with WOW and
Kingston Merger Sub, Inc., a wholly-owned subsidiary of WOW, pursuant to
which, among other things, Merger Sub will be merged with and into
Knology, with Knology surviving as a wholly-owned subsidiary of WOW (the
“merger”). Under the terms of the merger agreement, WOW will acquire all
of the outstanding shares of Knology for $19.75 per share in cash.
Knology has scheduled a special meeting of stockholders on June 26, 2012
to consider and vote upon, among other things, a proposal to adopt the
merger agreement and approve the merger. Knology’s board of directors
unanimously recommends that Knology’s stockholders vote for the proposal
to adopt the merger agreement at the special meeting of stockholders.
About Knology, Inc.
Knology, Inc., headquartered in West Point, Georgia, is a leading
provider of interactive communications and entertainment services in the
Southeast, upper Midwest and Kansas regions. Knology serves both
residential and business customers with one of the most technologically
advanced broadband networks in the country. Innovative offerings include
over 200 channels of digital cable TV, local and long distance digital
telephone service with the latest enhanced voice messaging features, and
high-speed Internet access, which enables consumers to quickly download
video, audio and graphic files using a cable modem. Knology’s
fiber-based business products include iPlex, which delivers Ethernet
connections to an IP-PBX using Session Initiated Protocol (SIP)
technology, Passive Optical Network (PON), which supplies IP
architecture with segmented voice and data bandwidth, and Managed
Integrated Network Solutions (MATRIX), an integrated IP-based technology
which converges data and voice. For more information, please visit www.knology.com.
Additional Information
Knology has filed with the U.S. Securities and Exchange Commission (the
“SEC”) and has mailed or otherwise provided to its stockholders a
definitive proxy statement regarding the proposed acquisition by WOW.
Knology also will be filing other documents with the SEC. Investors and
security holders are urged to read the proxy statement and other
documents relating to such acquisition, because they contain important
information. Investors and security holders may obtain a free copy of
the definitive proxy statement and other documents that Knology files
with the SEC (when available) from the SEC’s website at www.sec.gov
and Knology’s website at www.knology.com.
In addition, the definitive proxy statement and other documents filed by
Knology with the SEC (when available) may be obtained from Knology free
of charge by directing a request to Knology, Inc., 1241 O. G. Skinner
Drive, West Point, Georgia 31833, Attn: Investor Relations, telephone:
(706) 645-8553.

Source(s) : Knology, Inc.