NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- 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.”
Wolf Popper is investigating claims on behalf of investors in Thoughtworks concerning the transaction. Thoughtworks shareholders seeking more information about the transaction or Wolf Popper’s investigation can contact Mr. Stine at (212) 451-9631 or cstine@wolfpopper.com.
Wolf Popper has extensive experience representing investors in mergers and acquisition investigations and lawsuits. Wolf Popper was recently awarded one of Chambers and Partners’ USA Spotlight Guide top rankings for 2024. Ten Wolf Popper attorneys were named Super Lawyers or Rising Stars in the 2023 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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