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Acquisitions work the same as they always have. Roughly, if half the voting shareholders approve of the deal it will go through. Edit: from the first result in
by positr0n 2y ago
Acquisitions work the same as they always have. Roughly, if half the voting shareholders approve of the deal it will go through.
Edit: from the first result in Google:
> Casalena and long-term investors General Atlantic and Accel, which make up about 90% of the Squarespace’s voting shares, have agreed to vote in favor of the transaction.
So I guess the shareholders mentioned in the subheading of the linked press release own a majority.
- freeAgent 2y agoThey must have super-voting shares...probably from being early (pre-IPO) investors.