Squarespace (SQSP) Stock Climbs 13% on $6.9 Billion Deal to Go Private

Squarespace (NYSE:SQSP) stock is a hot topic on Monday following news that the business managment company is being taken private in a $6.9 billion deal with global private equity firm Permira.This deal will have investors in SQSP stock receive$44 per share in cash. That represents a 15% premium over the stock’s prior closing price of $38.19. It’s also a 29% premium compared to its 90-day volume-weighted average trading price.A Special Committee of the Squarespace Board of Directors has unanimously approved ...