SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) -- 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 ...