tw telecom (TWTC) Looks Forward to Getting Input from Corvex

May 9, 2013 9:09 AM EDT
Get Alerts TWTC Hot Sheet
Trade TWTC Now!
Join SI Premium – FREE
tw telecom inc. (NASDAQ: TWTC) issued the following comments on the filing of Schedule 13D beneficial ownership report by Corvex Management LP ('Corvex') reporting their 5.77% ownership in the Company.

During its 14 years as a public company, the Company has demonstrated a long history of open dialog with investors and looks forward to continuing to receive ongoing investor input, including from Corvex. tw telecom's Board is committed to creating shareholder value and believes that the Company is well positioned to continue to do so with the Company's investments in next generation services and infrastructure, among other initiatives, including its share repurchase programs and other balance sheet activities. The Company has a long track record of producing strong long-term, consistent results, including 34 consecutive quarters of sequential revenue growth, ongoing product innovation and exceptional execution.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Hedge Funds, Management Changes

Related Entities

13D, Stock Buyback, Corvex Management

Add Your Comment