Glazer Capital Intends to Vote Against Proposed Acquisition Of Squarespace By Permira; Calls $44.00 Per Share Merger Consideration Offered By Permira As Inadequate
Portfolio Pulse from Benzinga Newsdesk
Glazer Capital, which owns 2.50 million shares of Squarespace, opposes the proposed acquisition of Squarespace by Permira Advisers, calling the $44.00 per share offer inadequate. Glazer Capital intends to vote against the transaction at the upcoming special meeting of Squarespace shareholders.
August 14, 2024 | 11:19 am
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Glazer Capital, owning 2.50 million shares of Squarespace, opposes the $44.00 per share acquisition by Permira, deeming it inadequate. They plan to vote against the deal at the upcoming shareholder meeting.
Glazer Capital's opposition to the acquisition and their significant shareholding (5.4% of minority shares) could influence other shareholders and create uncertainty around the deal, potentially leading to a negative short-term impact on Squarespace's stock price.
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