(Reuters) – WeWork’s owner, The We Company, has sued SoftBank Group (9984.T), challenging its largest shareholder’s decision to terminate a $3 billion tender offer for shares in the office-space sharing firm.
FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch
An independent two-member special committee of The We Company’s board filed the lawsuit, saying that SoftBank had breached its contractual obligations by abandoning the tender offer.
“The Special Committee regrets the fact that SoftBank continues to put its own interests ahead of those of WeWork’s minority