Thoughtworks Holding, Inc. (NASDAQ: TWKS) Investor Alert: Investigation over potential Wrongdoing

An investigation on behalf of investors in shares of Thoughtworks Holding, Inc. (NASDAQ: TWKS) was announced over potential breaches of fiduciary duties by certain officers and directors at Thoughtworks Holding, Inc.

Investors who purchased shares of Thoughtworks Holding, Inc. (NASDAQ: TWKS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Thoughtworks Holding, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Chicago, IL based Thoughtworks Holding, Inc. provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America.

Thoughtworks Holding, Inc went public in September 2021, when its parent Turing Holding Corp., completed the pricing of its initial public offering of 36,842,106 shares of common stock at a price to the public of $21.00 per share.

On August 5, 2024-- Thoughtworks Holding, Inc. (NASDAQ: TWKS) announced that it has entered into a merger agreement pursuant to which an affiliate of funds advised by Apax Partners LLP ("Apax" and such funds, the "Apax Funds") will purchase all of the outstanding shares of Thoughtworks common stock that they do not already own, for $4.40 per share, which implies a total enterprise value of approximately $1.75 billion for Thoughtworks.

However, given that at least one analyst has set the high target price for NASDAQ: TWKS shares at $4.40 per share and that NASDAQ: TWKS shares traded in the open market as high as $4.44 per share on September 04, 2024, the investigation concerns whether the offer is unfair to NASDAQ: TWKS stockholders. More specifically, the investigation concerns whether the Thoughtworks Holding, Inc.Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Thoughtworks Holding, Inc. (NASDAQ: TWKS) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.