Knology Inc. (KNOL) announced Wednesday morning that it agreed to be acquired by a subsidiary of WOW! Internet, Cable & Phone for $19.75 per share in an all-cash transaction.
Knology gapped up sharply Wednesday, but traded in a narrow range throughout the session. Shares closed higher by 1.35 at $19.40 on the highest volume of the year. Knology closed challenging the upper end of a month and a half long range at the highs of the year.
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