WeWork sues SoftBank for backtrack on $3bn tender offer

WeWork sues SoftBank for backtrack on $3bn tender offer

WeWork has sued SoftBank after it decided to back out of a $3bn offer for shares. The special committee on the board of WeWork’s parent We Co. alleged that SoftBank had breached fiduciary duty to minority shareholders by not going ahead with the offer.The offer would have mostly benefited few wealthy investors, including co-founder Adam Neumann, who would get ~ $2bn as well as to WeWork employees.

Milan
Milan
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