NEW
YORK, May 13, 2024 /PRNewswire/ -- Nationally
recognized shareholder rights firm Julie & Holleman LLP is
investigating the proposed $6.6
billion acquisition of Squarespace, Inc. (NASDAQ: SQSP), by
private equity firm Permira. Julie & Holleman has already
uncovered several conflicts of interest.
For a free, no-risk consultation, please visit
https://julieholleman.com/squarespace-inc/, or contact firm partner
Scott Holleman by email at
scott@julieholleman.com.
Squarespace is a website building and hosting company based in
New York City. It provides
software as a service (Saas) for website building and hosting,
including for e-commerce, allowing users to use pre-built website
templates and drag-and-drop elements to create and modify webpages.
The company was started in 2003 by Anthony
Casalena when he was a university student. Casalena remains
the company's largest shareholder and holds majority voting
power.
On May 13, 2024, Squarespace
announced that it had agreed to be acquired by Permira for
$44 per share in cash. The deal is
expected to close by the fourth quarter of 2024.
Julie & Holleman, whose attorneys have helped secure
hundreds of millions of dollars for shareholders, is concerned
about the inadequate deal price. The $44 per share deal price is less than the recent
IPO price of $48 per share and price
targets of $50 per share established
by Wall Street analysts. Julie & Holleman is also concerned
about conflicts of interest—Squarespace's biggest existing
shareholders, including Casalena and private equity firm General
Atlantic, are "rolling over" their shares while public shareholders
are being cashed out.
Please visit https://julieholleman.com/squarespace-inc/ or
contact partner Scott Holleman by
email at scott@julieholleman.com or by telephone at (929) 415-1020
for more information.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
https://www.julieholleman.com/. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP