Kaskela Law LLC is investigating the fairness of the recently announced proposed buyout of Thoughtworks Holding, Inc. (“Thoughtworks”) (NASDAQ: TWKS) stockholders to determine whether the proposed buyout price of $4.40 per share is fair to the company’s investors.

On August 5, 2024, Thoughtworks announced that it had agreed to be acquired by affiliates of private investment firm Apax Partners LLP at a price of $4.40 per share in cash.  Following the closing of the proposed transaction, Thoughtworks’ current stockholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.

The investigation seeks to determine whether Thoughtworks’ executive officers and/or directors violated the securities laws in agreeing to sell the company at $4.40 per share.  Notably, immediately prior to the announcement of the proposed transaction, numerous stock analysts were maintaining price targets for TWKS shares at or above $6.00 per share, which is 45% higher than the buyout price that has been agreed to by the company’s representatives.

Thoughtworks’ shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750