SQSP - SQSP Alert: The Law Firm of Andrews & Springer LLC Investigates Proposed Merger of Squarespace Inc. | Benzinga
WILMINGTON, Del., May 20, 2024 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Squarespace, Inc. (NYSE:SQSP) ("Squarespace" or the "Company") relating to the sale of the Company to private equity firm Permira. On May 13, 2024, the two parties announced that they reached an agreement in principle pursuant to which Permira will acquire Squarespace in a going private merger. As a result of the merger, Squarespace shareholders are only anticipated to receive only $44.00 per share in cash in exchange for each share of Squarespace.
Our Firm's investigation so far has discovered that the merger appears to have significant conflicts of interest, thus making the process and consideration unfair. While the Company claims that ...