TW TELECOM INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of TW Telecom, Inc. (TWTC) Over the Proposed Sale of the Company to Level 3 Communications, Inc. (LVLT)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TW Telecom, Inc. (“TW” or the “Company”) (Nasdaq:TWTC) for potential breaches of fiduciary duties in connection with the sale of the Company to Level 3 Communications, Inc. (“Level 3”) in a cash and stock deal valued at approximately $5.6 billion. The Company’s stockholders will receive $10 in cash and 0.7 shares of Level 3 stock share for each share of TW common stock they own. The deal’s value for TW shareholders will be dependent on the performance of Level 3 stock.
The investigation focuses on whether TW’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of TW’s shareholders.
If you own common stock in TW and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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