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.
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.
Does Squarespace (SQSP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Squarespace (SQSP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Although the revenue and EPS for Squarespace (SQSP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Squarespace (SQSP) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.03 per share a year ago.
SAN DIEGO, CA / ACCESSWIRE / July 30, 2024 / 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.
LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Squarespace, Inc. ("SquareSpace" or "the Company") (NYSE:SQSP) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the SquareSpace board breached its fiduciary duties to shareholders.
LOS ANGELES, CA / ACCESSWIRE / July 29, 2024 /The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Squarespace, Inc. ("SquareSpace" or "the Company") (NYSE:SQSP) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the SquareSpace board breached its fiduciary duties to shareholders.
LOS ANGELES, CA / ACCESSWIRE / July 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Squarespace, Inc. ("SquareSpace" or "the Company") (NYSE:SQSP) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the SquareSpace board breached its fiduciary duties to shareholders.