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Squarespace to Go Private in $6.9B All-Cash Transaction with Permira (investors.squarespace.com)

submitted 4 months ago by [email protected] to c/[email protected]

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Stockholders will receive $44.00 per share in cash, which represents a premium of 29% over the 90-day volume weighted average trading price of $34.09 Squarespace, Inc. (NYSE: SQSP ), the design-driven platform helping entrepreneurs build brands and businesses online, today announced that it has entered into a definitive agreement 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. The purchase price represents a premium of approximately 29% over Squarespace's 90-day volume weighted average trading price, and a premium of 15% over Squarespace's closing share price of $38.19 on the NYSE on May 10, 2024. Upon completion of the transaction, Squarespace will become a privately held

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[–] [email protected] 4 points 4 months ago (1 children)

There are definitely still shareholders, they're just private.

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago)

Shareholders were bought out for $44.00 per share.

You're thinking about "investors" which are not the same as "shareholders".

There are no more shareholders. There are no more shades to hold.