NEW YORK, June 17, 2014 /PRNewswire/ --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.
Click here for more information: www.faruqilaw.com/TWTC. There is no cost or obligation to you.
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.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in TW and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TWTCor contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.comor by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.We are happy to discuss your particular case.
Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO
SOURCE Faruqi & Faruqi, LLP
