Stamps.com to Be Bought by Thoma Bravo in $6.6 Billion Cash Deal

- Advertisement -

Stamps.com agreed to be acquired by private-equity firm Thoma Bravo in an all-cash deal that values the e-commerce shipping software company at about $6.6 billion.

Stamps.com stockholders will receive $330 a share in cash, a 67% premium over the company’s $197.72 closing price Thursday.

When the deal is complete, Stamps.com will become a private company. Stamps.com said it would benefit from the operating capabilities, capital support and sector expertise of software and technology investor Thoma Bravo. Thoma Bravo said Stamps.com is well-positioned to capitalize on tailwinds in e-commerce.

The deal agreement includes a 40-day “go-shop” period expiring Aug. 18, which allows Stamps.com’s board and its advisers to initiate, solicit and consider alternative acquisition proposals from third parties. The companies expect the transaction to close in the third quarter.

Shares of Stamps.com jumped 64% Friday to $323.86 in midday trading.

Latest news

How Ford and Volkswagen Could Keep the Good Times Rolling

Profit upgrades are coming thick and fast from car manufacturers, even...

American Sunisa Lee tops Olympic podium in women’s all-around gymnastics – National

American gymnast Sunisa Lee captured Olympic gold in the women’s individual all-around gymnastics event — a win marked by the absence of her teammate...
Related news

How Ford and Volkswagen Could Keep the Good Times Rolling

Profit upgrades are coming thick and fast from car manufacturers, even...

American Sunisa Lee tops Olympic podium in women’s all-around gymnastics – National

American gymnast Sunisa Lee captured Olympic gold in the women’s individual all-around gymnastics event — a win marked by the absence of her teammate...

LEAVE A REPLY

Please enter your comment!
Please enter your name here