NEW YORK, June 16, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of TW Telecom Inc. ("TWTC" or the "Company") (NASDAQ: TWTC) concerning the proposed acquisition of the Company by Level 3 Communications Inc. ("Level 3").
Under the terms of the transaction, the Level 3 will purchase TWTC in a transaction valued at approximately $7.3 billion. TWTC shareholders will receive $10 cash and 0.7 shares of Level 3, a combined value of approximately $40.86, for each share of TWTC owned.
Our investigation concerns whether the TWTC board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unit holders.
If you own TWTC shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (http://www.hfesq.com/). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP