Squarespace Stockholders Sue for Records Over $7 Billion Deal

Squarespace Inc. was hit with a stockholder lawsuit seeking to inspect its books and records over potential fiduciary breaches related to its $7 billion merger agreement with affiliates of private equity firm Permira Advisers LLC.

Nathan Gross and Stephanie Smith seek information related to the purchase of the website builder’s outstanding stock for $44 per share in cash and Permira’s Sept. 9 proposed tender offer, which increased it to $46.50 per share for a value of nearly $7.2 billion, according to a lawsuit filed Thursday in Delaware’s Chancery Court.

The agreement and offer “appear to have been orchestrated ...