WeWork sues as SoftBank pulls out of $3bn tender offer
A We Company special committee says SoftBank has breached its contractual obligations by abandoning the tender offer
Bangalore — WeWork’s owner, The We Company, has sued SoftBank Group, challenging its largest shareholder’s decision to terminate a $3bn tender offer for shares in the office space-sharing firm.
An independent, two-member special committee of The We Company’s board filed the lawsuit, saying that SoftBank has breached its contractual obligations by abandoning the tender offer...
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