Mister Car Wash, Inc. ($MCW) Shareholders Notified to Contact BFA Law About Its Pending Investigation into the $7 per Share Take Private Transaction
Mister Car WashMister Car Wash(US:MCW) TMX Newsfile·2026-02-22 11:07

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc.'s board of directors and its controlling stockholder, LGP, for potential breaches of fiduciary duties to shareholders related to a proposed take-private sale at $7 per share, which may be considered unfairly low [1][3][6]. Group 1: Investigation Details - The investigation was prompted by Mister Car Wash's announcement on February 18, 2026, regarding its agreement to be acquired by Leonard Green & Partners, L.P. (LGP) for $7.00 per share, raising concerns about the fairness of the price offered to stockholders [3]. - LGP, owning over 66% of Mister Car Wash's common stock, has significant control over corporate decisions, including the approval of mergers and sales, which may lead to conflicts of interest [4]. - LGP has already utilized its majority shares to approve the take-private sale without seeking further votes from public stockholders, potentially incentivizing a low sale price [5]. Group 2: Legal Implications - Bleichmar Fonti & Auld LLP is assessing whether the actions of Mister Car Wash's board and LGP constitute breaches of fiduciary duties to the public stockholders in light of the proposed transaction [6]. - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7].

Mister Car Wash, Inc. ($MCW) Shareholders Notified to Contact BFA Law About Its Pending Investigation into the $7 per Share Take Private Transaction - Reportify