07:46 AM EDT, 09/09/2024 (MT Newswires) -- Squarespace ( SQSP ) and Permira said Monday they have signed an amended merger agreement under which Squarespace ( SQSP ) shareholders will get $46.50 per share in cash, bringing the total transaction value to roughly $7.2 billion.

The new offer price is $2.50 per share higher than their previously agreed price of $44 apiece, the companies said.

Squarespace ( SQSP ) board unanimously approved the new offer, the companies said.

Upon merger completion, Squarespace ( SQSP ) common shares will cease to trade publicly and the company will become a private firm.

Shares of Squarespace ( SQSP ) were up about 2% in recent Monday premarket activity.

Price: 46.20, Change: +0.90, Percent Change: +1.99