WeWork sues SoftBank after $3B tender offer withdrawal www.upi.com

WeWork Special Committee announced Tuesday it is suing SoftBank over alleged breach of contract and breach of fiduciary duty after $3 billion tender offer withdrawal.
WeWork is seeking through the lawsuit for SoftBank to complete its tender offer or pay compensatory damages for breach of contract and fiduciary duty.
Softbank originally made the tender offer in October after public investors soured on the company in the run-up to a planned initial public offering.
The tender offer was made in exchange for SoftBank increasing its ownership stake at 80 percent.
"SoftBank's wrongful conduct in failing to consummate the tender offer deprives WeWork's minority stockholders of the liquidity that they were promised."