Thoughtworks(US:TWKS) Prnewswire·2024-09-23 11:45Core Viewpoint - Julie & Holleman LLP is investigating the proposed $1.75 billion buyout of Thoughtworks Holding, Inc. by Apax Partners LLP, raising concerns about the fairness of the offer and the process involved [1][3]. Group 1: Acquisition Details - Apax Partners, which already owns approximately 60% of Thoughtworks' stock, proposes to buy the remaining shares at $4.40 per share, which is below Wall Street analyst targets and the company's own disclosed high of $7.85 per share [2]. - The total proposed buyout value is $1.75 billion [1]. Group 2: Concerns Raised - Julie & Holleman expresses concern that Apax is exploiting a temporary decline in stock price and a recent CEO transition to push through the acquisition [3]. - Thoughtworks shareholders will not have the opportunity to vote on the deal, as Apax intends to proceed via written consent [3]. Group 3: Firm Background - Julie & Holleman LLP specializes in shareholder litigation, including mergers and acquisitions, and has a history of securing significant settlements for shareholders [5].