TW Telecom Inc. Acquisition by Level 3 Communications, Inc. May Not be in the Best Interests of TWTC Shareholders

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NEW YORK, June 16, 2014 (GLOBE NEWSWIRE) -- The fairness of the proposed acquisition of TW Telecom Inc. ("TWTC" or the "Company") by Level 3 Communications, Inc. ("LVLT" or "Level 3") is the subject of an examination by WeissLaw LLP, a national class action, shareholder rights law firm. The examination is focusing on possible breaches of fiduciary duty and other violations of law by the Board of Directors of TW Telecom for agreeing to sell the Company to Level 3. On June 16, 2014, the companies jointly announced they had reached a definitive agreement for Level 3 to acquire all outstanding shares of TW Telecom for a mix of cash and stock worth $40.86 per common share, for a total equity value of $7.3 billion. Under the terms of the agreement, TW Telecom shareholders will receive $10 cash and 0.7 shares of Level 3 common stock for each share of TWTC they own.

WeissLaw is investigating whether TW Telecom's Board acted to maximize shareholder value prior to entering into the agreement with Level 3. Notably, the Company recently reported positive financial results. On May 7, 2014, TW Telecom reported revenue of $408.3 million for the first quarter 2014, an increase of 2.1% over the previous quarter. In addition, TW Telecom also reported revenue growth rate of 7.1% year over year.

Given these facts, WeissLaw is investigating the Board of Directors' decision to sell TW Telecom and whether TW Telecom shareholders will obtain their fair proportionate share of the Company's continued success and future growth prospects. If you own TW Telecom shares and would like more information about your rights or our investigation, please contact Joshua Rubin or Kelly Keenan at (888) 593-4771 or via email at

The firm is also in the process of investigations on behalf of shareholders of OpenTable Inc., Idenix Pharmaceuticals, Inc., and Medtronic, Inc.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at or fill out the form on our website,

CONTACT: WeissLaw LLP Joshua Rubin Kelly Keenan 1500 Broadway, 16th Floor New York, NY 10036 T: 212.682.3025 F: 212.682.3010

Source:WeissLaw LLP