Stamps.com said on Friday private equity firm Thoma Bravo would take the e-commerce shipping solutions provider private for about $6 billion in cash, sending its shares nearly 64% higher.
Stamps.com shareholders will receive $330 per share, according to the agreement, representing a premium of about 67% to the stock’s close on Thursday.
The deal, expected to close in the third quarter of this year, is valued at about $6.6 billion including debt.
Thoma Bravo is one the largest software-focused private equity firms with more than $78 billion in assets under management. Its portfolio companies include information technology services provider SolarWinds Corp and cybersecurity firm McAfee Corp.
Source: Reuters
By Akanksha Rana
