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TransPerfect Co-Founder Offers Ex-Partner $300M Buyout

Law360, Wilmington (May 5, 2016, 7:51 PM EDT) -- Philip Shawe, one of the co-founders locked in a heated struggle for control of legal translation firm TransPerfect, has made a $300 million offer to buyout his ex-partner Elizabeth Elting’s 50-percent stake in the company already set to be sold by a court-appointed custodian, his attorney’s office confirmed Thursday.

The proposal comes about nine months after Delaware Chancellor Andre G. Bouchard ruled the company should be sold in a process overseen by a custodian because the squabbling co-founders, who were once engaged to be married, were...
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