WeWork Special Committee Files Lawsuit Challenging SoftBank’s Wrongful Decision to Terminate Tender Offer www.businesswire.com

The Special Committee regrets the fact that SoftBank continues to put its own interests ahead of those of WeWork’s minority stockholders.
Instead of abiding by its contractual obligations, SoftBank, under increasing pressure from activist investors, has engaged in a purposeful campaign to avoid completion of the tender offer.
This, and SoftBank’s other claims related to its failure to complete the tender offer, are therefore either disingenuous or irrelevant to Softbank’s contractual and other obligations.
SoftBank’s wrongful conduct in failing to consummate the tender offer deprives WeWork’s minority stockholders of the liquidity that they were promised.
Neither the MTA nor the conditions to the tender offer contain any material adverse effect provision that could allow SoftBank to avoid closing the tender offer as a result of current global events.