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Stamps.com has agreed to be acquired by private equity firm Thoma Bravo in a cash deal that values the e-commerce shipping software company at around $ 6.6 billion.
Stamps.com shareholders will receive $ 330 per share in cash, a 67% premium over the company’s closing price of $ 197.72 on Thursday.
Once the agreement is concluded, Stamps.com will become a private company. Stamps.com said it would benefit from the operating capabilities, capital support and industry expertise of software and technology investor Thoma Bravo. Thoma Bravo said Stamps.com is well positioned to take advantage of favorable winds in e-commerce.
The transaction agreement includes a 40-day go-shop period expiring August 18, which allows the Stamps.com board of directors and its advisors to initiate, solicit and review further acquisition proposals from third parties. The companies expect the deal to close in the third quarter.
Shares of Stamps.com jumped 64% on Friday to $ 323.86 at midday.
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