Permira raises takeover offer for Squarespace to $7.2 bln
- Permira has agreed to increase its offer price to take website-design software company Squarespace private, now valuing the deal at $7.2 billion, the companies said on Monday.
The revised bid comes days after proxy advisory firm Institutional Shareholder Services recommended Squarespace investors vote against Permira's proposed transaction. Permira's new offer underscores its keen interest in Squarespace, which helps enterprises digitize their operations and enhance branding as more companies move online to drive growth.The revised offer represents a premium of 36.4% to the stock's closing price on May 10, the last trading day before the announcement of the original deal.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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