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Stock impact report

Squarespace gains on report ISS recommends vote against Permira deal [Seeking Alpha]

Squarespace, Inc. Class A (SQSP) 
Company Research Source: Seeking Alpha
ISS proxy service recommends investors vote against the $44 a share sale, according to Reuters report on Friday. "Despite the offer representing a premium at announcement to historic trading levels and valuation multiples, there appears to be no downside risk of non-approval," ISS said in the report, according to Reuters. The recommendation comes after Glazer Capital, which owns a 5.4% stake in Squarespace, last month voiced i ts opposition to the sale, saying the price was "inadequate." Squarespace ( SQSP ) didn't immediately return Seeking Alpha email request for comment. Recommended For You More Trending News Recommended For You More Trending News About SQSP Stock Related Stocks Trending Analysis Trending News Show less Read more
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