Investigations
Thoughtworks Holdings, Inc.
Overview
Overview
- Deadline:
- Upcoming
| Company Name: | Company Name: Thoughtworks Holdings, Inc. |
| Stock Symbol: | Stock Symbol: TWKS |
Thoughtworks Holdings, Inc. (NASDAQ: TWKS): Bleichmar Fonti & Auld LLP (“BFA”) is investigating whether the Thoughtworks Holdings, Inc. (“Thoughtworks” or the “Company”) merger transaction is fair to minority shareholders, who are being cashed out for $4.40 per share. Minority shareholders of Thoughtworks will have no voice in the transaction because controlling shareholder, Apax Partners, LLC, has approved the merger by written consent without a minority vote.
If you own shares of Thoughtworks, you are encouraged to submit your information.
Investigation Details:
Thoughtworks is controlled by funds advised by Apax Partners, L.L.P. (“Apax Partners”) through their ownership of 61.2% of the total voting power of the Company’s voting stock. Apax Partners therefore can control the outcome of Thoughtworks’s corporate actions that typically would require shareholder approval—including any merger transactions.
On August 5, 2024, Thoughtworks announced that it had entered into a merger transaction whereby Apax Partners would acquire all shares not owned by it for $4.40 per share (the “Merger”). Minority shareholders will have no say in the transaction, as Apax Partners has refused to subject the Merger to a vote of minority shareholders.
BFA believes that the Merger may significantly undervalue the Company. The Company’s stock price has been depressed for a significant period of time, suggesting that Apax Partners is timing the Merger to take advantage of this downswing. Indeed, at least one analyst has a price target for the Company’s stock of $6.00 per share. In light of this information, BFA is investigating whether the directors, officers, and Apax Partners may have breached their fiduciary duties to stockholders in entering into the Merger.
What are my Rights?
If you currently own shares of Thoughtworks, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.
If you own shares of Thoughtworks, you are encouraged to submit your information.
Investigation Details:
Thoughtworks is controlled by funds advised by Apax Partners, L.L.P. (“Apax Partners”) through their ownership of 61.2% of the total voting power of the Company’s voting stock. Apax Partners therefore can control the outcome of Thoughtworks’s corporate actions that typically would require shareholder approval—including any merger transactions.
On August 5, 2024, Thoughtworks announced that it had entered into a merger transaction whereby Apax Partners would acquire all shares not owned by it for $4.40 per share (the “Merger”). Minority shareholders will have no say in the transaction, as Apax Partners has refused to subject the Merger to a vote of minority shareholders.
BFA believes that the Merger may significantly undervalue the Company. The Company’s stock price has been depressed for a significant period of time, suggesting that Apax Partners is timing the Merger to take advantage of this downswing. Indeed, at least one analyst has a price target for the Company’s stock of $6.00 per share. In light of this information, BFA is investigating whether the directors, officers, and Apax Partners may have breached their fiduciary duties to stockholders in entering into the Merger.
What are my Rights?
If you currently own shares of Thoughtworks, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.