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/
You may also like
RS2 reveals new brand identity for Merchant Business in Germany
Landmark chooses e-commerce microservices solution for Emax business
Online Sellers Demanding Real-Time, Unified View of Sales
Shopify’s Sale of Logistics Ops Signals Return to eCommerce as Main Quest
Report: Alibaba Considers Taking eCommerce Business Public
1 thought on “Stamps.com to Be Acquired for $7 Billion”
Hello, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any assistance is very much appreciated.