$MCW Securities: BFA Law Notifies Mister Car Wash, Inc. Shareholders of the Ongoing Investigation into the Announced Take Private Transaction with LGP
Mister Car WashMister Car Wash(US:MCW) TMX Newsfile·2026-02-28 11:46

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc. and its controlling stockholder, Leonard Green & Partners, L.P. (LGP), for potential breaches of fiduciary duties related to a proposed take-private sale at $7 per share, which may be considered unfair to public shareholders [1][3][11]. 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 LGP for $7.00 per share, which may represent an unfairly low price for shareholders [3]. - LGP, owning over 66% of Mister Car Wash's common stock, has significant control over corporate decisions, including mergers and sales, raising concerns about conflicts of interest [4]. - LGP has already used its majority shares to approve the take-private sale without seeking further votes from public shareholders, potentially incentivizing a low sale price [5][6]. Group 2: Legal Options for Shareholders - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [7].

$MCW Securities: BFA Law Notifies Mister Car Wash, Inc. Shareholders of the Ongoing Investigation into the Announced Take Private Transaction with LGP - Reportify