CORRECTING and REPLACING Permira Completes Tender Offer for Outstanding Shares of Squarespace
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
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Source: Businesswire
Tender Offer Completion: Permira successfully completed its cash tender offer for all outstanding shares of Squarespace, with 46,971,451 shares validly tendered, representing approximately 97.5% of the voting power. The purchase of these shares will occur on October 14, 2024.
Transition to Private Company: Following the tender offer, a second-step merger will convert any remaining Squarespace shares into cash equivalent to the tender offer price, expected to finalize by October 17, 2024, resulting in Squarespace becoming a privately held company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
