Investors of Thoughtworks Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether the announced sale of Thoughtworks Holding, Inc. (“Thoughtworks”) (NASDAQ: TWKS) is fair to the shareholders of Thoughtworks and whether the Board of Directors of Thoughtworks breached its fiduciary duties in connection with the proposed acquisition of Thoughtworks by its controlling shareholder, Apax Partners LLP (“Apax”), in an all-cash transaction for $4.40 per share.
SHAREHOLDERS OF THOUGHTWORKS CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Apax already owns 61.2% of Thoughtworks, and while the Board of Directors of Thoughtworks formed a special committee, it does not appear that standard deal protections, such as a majority of the minority vote requirement, were put in place. Moreover, the deal price is below the 52-week high Thoughtworks stock price of $5.20.
Importantly, the investigation concerns whether the transaction is unfair to the investors of Thoughtworks and the result of a flawed process by Thoughtworks’ potentially conflicted Board of Directors.
INVESTORS OF THOUGHTWORKS STOCK ALSO CAN CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
