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WeWork Sues SoftBank Over $3 Billion Tender Offer Withdrawal

By
Christopher Stern
· · Source: CNBC

WeWork has filed a lawsuit seeking to force SoftBank to complete its $3 billion tender offer which SoftBank announced it was withdrawing last week, CNBC reported. The lawsuit claims that SoftBank breached its fiduciary duty to WeWork’s shareholders by failing to make good on the offer. WeWork is demanding that SoftBank either complete the tender or pay compensatory damages. The tender offer is...

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