Stamps.com

Stamps.com to Be Acquired for $7 Billion

Thoma Bravo will pay $330 a share, a 67% premium on Stamps.com closing price of around $198 per share on July 8, the day before the merger was announced.

Thoma Bravo will pay $330 a share, a 67% premium on Stamps.com closing price of around $198 per share on July 8, the day before the merger was announced. The company’s stock skyrocketed 64% the next day, closing at around $324.

Stamps.com will become a private company and will be delisted from Nasdaq. The acquisition is expected to close in the third quarter of 2021 and is subject to regulatory and stockholder approval. Stamps.com will continue to operate out of its El Segundo headquarters after the deal closes.

Read more: https://labusinessjournal.com/news/2021/jul/19/stamps-com-acquired-7-billion/

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