Knology Shareholders Approve WOW Merger


As expected, Knology shareholders overwhelmingly approved its previously announced merger with Wide Open West at a special meeting in Atlanta Tuesday.
According to filings with the Securities and Exchange Commission, 31.3 million shares were voted for the merger and just 19,059 voted against. Shareholders also approved on an advisory non-binding basis, the compensation payable to certain executive officers of Knology in connection with the merger.
Knology agreed in April to be acquired by WOW in a deal valued at about $1.5 billion. The combined entity will have over 800,000 customers, and its products and services will be available to more than 2.8 million households in 13 states. The deal is still subject to regulatory approvals and is expected to close in the September-October timeframe.