SQSP Merger Update: Johnson Fistel Continues to Investigate Squarespace and its Directors and Management Following Criticism of the Deal Valuation
Squarespace, Inc. Class A (SQSP)
Company Research
Source: GlobeNewswire
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. On May 13, 2024, Squarespace informed the public that it has agreed to a deal with Permira, in which stockholders will receive $44.00 per share in an all-cash offer. Upon completion of the deal, Squarespace will be a private Company. Johnson Fistel’s investigation focuses on whether Squarespace’s board failed to satisfy its duties to the Company's stockholders, including whether the board sufficiently pursued alternatives to the acquisition, and whether the board secured the best possible price for Squarespace’s shares. It is particularly pertinent to note analyst projections for earnings and revenue growth, and Squarespace shares have historically traded a
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SQSP
News
- Permira completes Squarespace acquisition after upping bid to $7.2B [TechCrunch]TechCrunch
- Permira Completes Acquisition of Squarespace [Yahoo! Finance]Yahoo! Finance
- Squarespace, Inc. (NYSE: SQSP) had its "market perform" rating re-affirmed by analysts at William Blair.MarketBeat
- Permira Completes Tender Offer for Outstanding Shares of SquarespaceBusiness Wire
- Q2 Earnings Highs And Lows: GoDaddy (NYSE:GDDY) Vs The Rest Of The E-commerce Software Stocks [Yahoo! Finance]Yahoo! Finance
SQSP
Earnings
- 8/2/24 - Miss
SQSP
Sec Filings
- 10/17/24 - Form SC
- 10/17/24 - Form 4
- 10/17/24 - Form SC
- SQSP's page on the SEC website