Top law firm Bleichmar Fonti & Auld LLP (BFA) is investigating the proposed $4.40 per share buyout of Thoughtworks Holdings, Inc. (NASDAQ: TWKS) by Apax Partners, L.L.P. BFA suggests that the merger may undervalue Thoughtworks, given that the company’s stock price has been depressed for an extended period. Apax Partners, which controls 61.2% of Thoughtworks’ voting power, decided to acquire the remaining shares without subjecting the merger to a vote by minority shareholders. BFA believes this action might breach fiduciary duties owed to shareholders and urges current shareholders to explore their legal options. BFA is renowned for its successful track record in securities class actions and shareholder litigation, having recovered substantial sums in previous high-profile cases involving Tesla and Teva Pharmaceutical.
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