Squarespace Shareholder Glazer Capital Calls $44.00 per Share Merger Consideration Offered by Permira Inadequate
Portfolio Pulse from Benzinga Newsdesk
Glazer Capital, which owns 5.4% of Squarespace's minority shares, opposes the $44.00 per share merger offer by Permira Advisers, citing undervaluation and a flawed process. They intend to vote against the acquisition at the upcoming special meeting.
August 14, 2024 | 11:14 am
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Glazer Capital, owning 5.4% of Squarespace's minority shares, opposes the $44.00 per share merger offer by Permira Advisers, citing undervaluation and a flawed process. They intend to vote against the acquisition at the upcoming special meeting.
Glazer Capital's opposition to the merger and their significant shareholding (5.4% of minority shares) could influence other shareholders and create uncertainty around the acquisition, potentially leading to short-term downward pressure on SQSP's stock price.
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