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TWKS INVESTMENT NOTICE: Is the $4.40 Bid for Thoughtworks Holdings, Inc. Too Low? BFA Law Encourages Shareholders to Contact the Firm (Nasdaq:TWKS)
ThoughtworksThoughtworks(US:TWKS) GlobeNewswire News Roomยท2024-08-18 10:32

Core Viewpoint - Thoughtworks Holdings, Inc. is under investigation due to a merger transaction with Apax Partners, which may undervalue the company and limit minority shareholders' rights [1][3][2] Group 1: Merger Details - On August 5, 2024, Thoughtworks announced a merger where Apax Partners will acquire all shares not previously owned for $4.40 per share [2] - Apax Partners controls 61.2% of Thoughtworks's voting power, allowing them to dictate corporate actions without minority shareholder approval [1][2] Group 2: Valuation Concerns - Bleichmar Fonti & Auld LLP (BFA) believes the merger may significantly undervalue Thoughtworks, as the stock price has been depressed for an extended period [3] - An analyst has set a price target of $6.00 per share for Thoughtworks, indicating potential undervaluation in the merger offer [3] Group 3: Legal Implications - BFA is investigating whether the directors, officers, and Apax Partners may have breached their fiduciary duties to shareholders in the merger process [3] - Shareholders are encouraged to submit their information to explore their legal rights regarding the merger [4]