Squarespace to Go Private with Permira, Suspends Earnings Calls and Guidance
Portfolio Pulse from Benzinga Newsdesk
Squarespace announced it will go private through a definitive agreement with Permira. As a result, the company will not host earnings calls or provide financial guidance for the rest of 2024.
August 02, 2024 | 11:11 am
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Squarespace is going private through an agreement with Permira. The company will not host earnings calls or provide financial guidance for the rest of 2024.
The announcement of going private typically leads to a short-term increase in stock price due to the premium offered in such deals. The suspension of earnings calls and guidance may create some uncertainty, but the overall impact is likely positive due to the buyout premium.
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