Weave Communications issues supplemental proxy disclosures after merger lawsuits, demands
WEAV•Weave Communications issued supplemental proxy disclosures after two stockholder lawsuits challenged disclosures for its planned merger with Willow Parent; the consideration and October 22 virtual meeting date remain unchanged.
1. Supplemental disclosures
Weave Communications issued supplemental proxy disclosures after two stockholder lawsuits in New York challenged merger disclosures and sought to delay the deal or pursue damages. The planned merger would make Weave a wholly owned subsidiary of Willow Parent, an affiliate of Francisco Partners; the supplemental disclosures do not change the consideration or the October 22 virtual meeting date.
