SAN DIEGO, July 26, 2024 /PRNewswire/ — Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Squarespace, Inc. (NYSE: SQSP) 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 at a much higher price.
Stockholders of Squarespace are encouraged to contact Johnson Fistel to discuss their legal rights in this matter. You can click or copy and paste the following link to join this investigation:
https://www.cognitoforms.com/JohnsonFistel/SquarespaceInc
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