Tech

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

Stamps.com said it would be acquired by private-equity firm Thoma Bravo in an all-cash deal that values Stamps.com 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.

Upon completion of the deal, Stamps.com, an e-commerce shipping software company, will become a private company. Stamps.com said it will benefit from the operating capabilities, capital support and sector expertise of software and technology investor Thoma Bravo.

Stamps.com said its board unanimously approved the agreement and recommends stockholders vote in favor of the deal at the special meeting that will be called.

The agreement includes a 40-day “go-shop” period expiring Aug. 18, which allows the board and its advisers to initiate, solicit and consider alternative acquisition proposals from third parties.

Source link

Related Posts

1 of 19