ACQUISITION ALERT BFA LLP Notifies Squarespace Shareholders of an Investigation into the Permira Buyout

Rhea-AI Summary

Bleichmar Fonti & Auld LLP (BFA) has initiated an investigation into the acquisition of Squarespace (NYSE: SQSP) by Permira, a global private equity firm. The deal, announced on May 13, 2024, involves an all-cash transaction valued at approximately $6.9 billion.

Under the agreement, Squarespace stockholders will receive $44.00 per share in cash. BFA believes that the board of directors of Squarespace may have conflicts of interest and that the process was unfair, potentially resulting in an inadequate payout to shareholders.

Shareholders are encouraged to seek additional information and understand their legal options by visiting BFA’s website or contacting them directly.

Positive

• All-cash transaction valued at approximately $6.9 billion.
• Shareholders to receive $44.00 per share, representing a significant premium.

Negative

• Potential conflicts of interest among Squarespace's board of directors.
• Concerns about the fairness of the transaction process.
• Investigation into whether the agreed payout to shareholders is fair.

NEW YORK, NY / ACCESSWIRE / May 16, 2024 / If you invested in Squarespace (NYSE:SQSP) you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/squarespace-inc-investigation, or contacting us below.

Claim Details:

On May 13, 2024, Squarespace, Inc. announced a deal to be acquired by to go private by Permira, the global private equity firm, in an all-cash transaction valued at approximately $6.9 billion. Under the terms of the agreement, Squarespace stockholders will receive $44.00 per share in cash representing a transaction valued at over $6.6 billion on an equity value basis and approximately $6.9 billion on an enterprise value basis. BFA is currently investigating the go private transaction and believes that Squarespace, Inc.'s board of directors was conflicted, engaged in an unfair process, and agreed to an unfair amount to be paid to shareholders.

Click here https://www.bfalaw.com/cases/squarespace-inc-investigation for more information.

Next Steps:

If you currently own shares of Squarespace, Inc. you may have legal options.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

To speak with an attorney for more information visit:

https://www.bfalaw.com/cases/squarespace-inc-investigation

Or contact us at:

Ross Shikowitz
ross@bfalaw.com
212-789-2303

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder derivative litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/squarespace-inc-investigation

Attorney advertising. Past results do not guarantee future outcomes.

SOURCE: Bleichmar Fonti & Auld LLP

View the original press release on accesswire.com

FAQ

What is the value of the Permira acquisition of Squarespace?

The acquisition is valued at approximately $6.9 billion.

How much will Squarespace shareholders receive per share in the buyout?

Squarespace shareholders will receive $44.00 per share in cash.

When was the Squarespace buyout by Permira announced?

The buyout was announced on May 13, 2024.

What is BFA investigating regarding the Squarespace buyout?

BFA is investigating potential conflicts of interest and the fairness of the transaction process.

What legal options do Squarespace shareholders have?

Shareholders are encouraged to obtain additional information and understand their legal options by visiting BFA's website or contacting them.