Cases & Investigations
Thoughtworks Holding, Inc
Type: Investigations
Stock Symbol: NASDAQ: TWKS
Wolf Popper LLP is investigating claims on behalf of investors in Thoughtworks Holding, Inc. (NASDAQ: TWKS) concerning the acquisition of Thoughtworks by its controlling shareholder, Apax Partners LLP. Under the terms of the acquisition, Thoughtworks shareholders would receive $4.40 per share in cash.
According to Wolf Popper partner Carl Stine, “The deal price of $4.40 per share seems unfairly low. It is significantly below Thoughtwork’s 52-week high stock price of $7.08 per share in the year prior to the deal being announced, and the deal is not conditioned on approval by a vote of the majority of Thoughtwork’s minority unaffiliated stockholders, which would have offered some protection to Thoughtwork’s minority shareholders from having to take an unattractive deal. You have to wonder why Apax is afraid to ask the public shareholders for approval if Apax thinks the price is fair.”
According to Wolf Popper partner Carl Stine, “The deal price of $4.40 per share seems unfairly low. It is significantly below Thoughtwork’s 52-week high stock price of $7.08 per share in the year prior to the deal being announced, and the deal is not conditioned on approval by a vote of the majority of Thoughtwork’s minority unaffiliated stockholders, which would have offered some protection to Thoughtwork’s minority shareholders from having to take an unattractive deal. You have to wonder why Apax is afraid to ask the public shareholders for approval if Apax thinks the price is fair.”
Contact Instructions
Carl L. Stine - (212) 451-9631
Email: Outreach@wolfpopper.com
Email: Outreach@wolfpopper.com