PHILADELPHIA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Law firm Kaskela Law LLC announces that it is investigating the fairness of the recently announced proposed buyout of Thoughtworks Holding, Inc. (“Thoughtworks”) (NASDAQ: TWKS) stockholders to determine whether the proposed buyout price of $4.40 per share is fair to the company’s investors.
https://kaskelalaw.com/case/thoughtworks/
On August 5, 2024, Thoughtworks announced that it had agreed to be acquired by affiliates of private investment firm Apax Partners LLP at a price of $4.40 per share in cash. Following the closing of the proposed transaction, Thoughtworks’ current stockholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.
The investigation seeks to determine whether Thoughtworks’ executive officers and/or directors violated the securities laws in agreeing to sell the company at $4.40 per share. Notably, immediately prior to the announcement of the proposed transaction, numerous stock analysts were maintaining price targets for TWKS shares at or above $6.00 per share, which is 45% higher than the buyout price that has been agreed to by the company’s representatives.
Thoughtworks shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750 to receive additional information about this investigation and their legal rights and options with respect to the proposed buyout. Alternatively, investors may submit their information to the firm by clicking on the following link (or by copying and pasting the link into your browser):
https://kaskelalaw.com/case/thoughtworks/
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis, which means that the firm’s clients never pay any out-of-pocket costs for legal representation. For additional information about Kaskela Law LLC, including the firm’s recent notable recoveries for investors, please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com
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