Squarespace, Inc. Stock News

SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP , a leading stockholder rights law firm, announced that it is investigating claims on behalf of Squarespace, Inc. (NYSE: SQSP) shareholders concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Permira.

Squarespace is becoming a private company, with its new owner offering a more generous deal. The website-building platform had announced plans to merge with private equity firm Permira in a $6.4 million deal.

Squarespace's stock climbed toward a three-year high in premarket trades Monday, after private-equity firm Permira raised its buyout bid for the online brand-building platform.

Private equity firm Permira will increase the offer price to take website-design software company Squarespace private to $46.50 per share in cash, valuing the deal at $7.2 billion, the companies said on Monday.

Stockholders to receive an increase of $2.50 per share over the previously announced transaction Purchase price reflects a 36% premium over the 90-day volume weighted average trading price of $34.09, on May 10, 2024, the last trading day prior to the announcement of the original transaction Amended transaction represents 'best and final' offer and provides enhanced, immediate and certain value ...

Proxy advisory firm Institutional Shareholder Services on Friday recommended Squarespace investors vote against a proposed take-private transaction by private equity company Permira later this month.

SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP , a leading stockholder rights law firm, announced that it is investigating claims on behalf of Squarespace, Inc. (NYSE: SQSP) shareholders concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Permira.

SAN DIEGO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP , a leading stockholder rights law firm, announced that it is investigating claims on behalf of Squarespace, Inc. (NYSE: SQSP) shareholders concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Permira.