Permira, a London-based private equity firm, reiterated that the revised offer is its “best and final” bid, aiming to capitalize on the growth ISS had highlighted. David Erlong, partner at Permira, stated that the final offer provides Squarespace shareholders with immediate and certain value, urging them to tender their shares.
Squarespace Gets $7.2B Offer From Permira : Minority Shareholder Concerns
However, the deal still faces some resistance. Glazer Capital LLC, which holds 5.4% of Squarespace’s stock, previously voiced concerns about the fairness of the sale process. Glazer has not yet responded to the updated terms.
