NEW
YORK, Sept. 23, 2024 /PRNewswire/ -- Julie
& Holleman LLP, a nationally recognized shareholder rights
firm, is investigating the proposed $1.75
billion buyout of Thoughtworks Holding, Inc. (NASDAQ: TWKS)
by private equity fund Apax Partners LLP.
For a free, no-risk consultation, please visit
https://julieholleman.com/thoughtworks-holding-inc/, or
contact firm partner Scott Holleman
by email at scott@julieholleman.com or by telephone at (929)
415-1020.
Apax, which owned the company before its initial public
offering, already owns about 60% of Thoughtworks' stock and
proposes to buy out the rest of the company for $4.40 per share. This price is less than Wall
Street analyst stock targets, and less than the $7.85 per share high value disclosed in the
company's own SEC filings.
Julie & Holleman is concerned that Apax, which not only
controls the company but also has several representatives on the
board, is taking advantage of a short-term stock price weakness and
the recent CEO transition. In addition, Thoughtworks shareholders
will not even get the vote on the deal, as Apax will be pushing it
through on written consent.
Julie & Holleman is dedicated to pursuing claims on behalf
of current Thoughtworks stockholders. If you would like more
information about our investigation, or about the acquisition in
general, please visit here, or contact firm partner Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
www.julieholleman.com. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP