WideOpenWest surges on report broadband provider mulling potential sale

WideOpenWest

08/04/2022 17:43

** WideOpenWest Inc's  WOW.N  shares surge 5.6% to 3-mth
high $21.11, adding to big gain in previous session, as
broadband provider reportedly considering selling itself
    ** Shares on Thurs jumped in last 30 minutes of trading, and
finished day up 12.4%, after Bloomberg News reported co
exploring options, including a sale, citing people with
knowledge of the matter  urn:newsml:reuters.com:*:nL3N2W539F
    ** Englewood, Colorado-based firm working with an adviser to
solicit interest from potential suitors, according to Bloomberg
    ** Co says its network covers Alabama, Florida, Georgia,
Michigan, South Carolina and Tennessee, and it had 532,900
customers at end-Dec
    ** With move on Fri, co's market cap approaching $1.9 bln,
per Refinitiv data
    ** Shares now off ~2% YTD, after doubling in 2021

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))