Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Thoughtworks Holdings, Inc. (NASDAQ: TWKS) Buyout and Encourages Shareholders to Contact the Firm

Kaskela Law LLC announces that it is investigating the recently announced proposed buyout of Thoughtworks Holding, Inc. (“Thoughtworks”) (NASDAQ: TWKS) shareholders.

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 thus far has revealed that the process leading up to the announcement of the buyout appears to have significant conflicts of interest, thus making the sales process as well as the price-per-share appear unfair to the company’s shareholders. Notably, while the proposed transaction is presented to investors as “a 30% premium to Thoughtworks’ closing stock price on August 2, 2024,” the proposed $4.40 per share is significantly lower than Thoughtworks’ 52-week high price of over $7.00 per share. Further, at the time the proposed buyout of $4.40 per share was announced, numerous stock analysts were maintaining a price target for TWKS shares at or above $6.00 per share.

Thoughtworks’ shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights and options at (484) 229 – 0750, or by clicking on the following link (or if necessary, 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. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

This notice may constitute attorney advertising in certain jurisdictions.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.