Thoughtworks(US:TWKS) Prnewswire·2024-09-03 19:57Core Viewpoint - Kaskela Law LLC has initiated an investigation into the proposed buyout of Thoughtworks Holding, Inc. to assess whether shareholders are receiving adequate compensation for their shares and if there were any breaches of fiduciary duties by the company's officers or directors [1][3]. Group 1: Buyout Details - On August 5, 2024, Thoughtworks announced an agreement to be acquired by Apax Partners LLP at a price of $4.40 per share in cash [2]. - Following the transaction's closure, Thoughtworks' current shareholders will be cashed out, and the company's shares will cease to be publicly traded [2]. Group 2: Investigation Focus - The investigation aims to determine if the buyout price of $4.40 per share is sufficient, especially considering that analysts had set price targets for TWKS shares at or above $6.00 prior to the announcement [3].