The Special Committee of the Board of Directors of The We Company (“WeWork”) today announced that it has filed a lawsuit in the Delaware Court of Chancery alleging that SoftBank Group Corp. (TOKYO: 9984) (collectively with certain of its affiliates “SoftBank”) has breached its obligations under the Master Transaction Agreement (“MTA”) by failing to complete the tender offer … [Read more...] about WeWork Special Committee Files Lawsuit Challenging SoftBank’s Wrongful Decision to Terminate Tender Offer
SoftBank
SoftBank Group Announces End of WeWork Tender Offer Because Closing Conditions Not Met
End of Tender Offer Has No Impact on WeWork’s Operations or Customers SoftBank Group Corp. (“SoftBank”) today announced that, in accordance with the terms of its October 2019 Master Transaction Agreement (“MTA”) with The We Company (“WeWork”), SoftBank’s tender offer for up to $3 billion worth of shares of WeWork held by other stockholders has ended because certain … [Read more...] about SoftBank Group Announces End of WeWork Tender Offer Because Closing Conditions Not Met