In this case, Glazer and its associated funds are requesting the Delaware Chancery Court to reassess the per-share value, potentially securing a higher payment than Permira’s final offer.
Glazer $7.2B Lawsuit : Case and Legal Proceedings
The lawsuit, Glazer Enhanced Fund LP et al. v. Squarespace Inc., is filed under case number 2024-1137 in the Court of Chancery of the State of Delaware. This suit reflects a strategic push by Glazer to leverage Delaware’s appraisal rights in pursuit of what it considers a fairer valuation for its substantial stake in Squarespace.
As the court evaluates the suit, this case could impact shareholder rights in take-private transactions, particularly in instances where investors feel undervalued in deals involving private equity buyers.
