Law Firm Probes RCN Deal

Levi & Korsinsky is investigating potential claims against the Board of Directors of RCN

March 8, 2010

1 Min Read

NEW YORK -- Levi & Korsinsky is investigating potential claims against the Board of Directors of RCN Corp. ("RCN" or the "Company") (NasdaqGS: RCNI) in connection with the proposed sale of the Company to private equity firm ARBY Partners. Under the terms of the proposed transaction, RCN shareholders will receive $15.00 per share in cash for each share of RCN stock they own, for a total transaction value of approximately $1.2 billion.

The investigation concerns whether the RCN Board of Directors breached their fiduciary duties to RCN stockholders by failing to adequately shop the Company before entering into this transaction and whether the ARBY Partners is underpaying for RCN shares, thus unlawfully harming RCN stockholders.

RCN Corp.

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