Stamps.com Inc STMP is surging higher Friday morning after the company announced it entered into a definitive agreement to be acquired by Thoma Bravo.
The all-cash transaction values Stamps.com at approximately $6.6 billion. Stamps.com shareholders will receive $330 per share in cash.
“With the financial and operational support of Thoma Bravo, Stamps.com can continue to innovate and pursue growth opportunities to capture the expanding e-commerce shipping market and extend our position as the leading global multi-carrier e-commerce shipping software company," said Ken McBride, chairman and CEO of Stamps.com.
Price Action: Stamps.com is making a new 52-week high in premarket trading today.
At last check Friday, the stock was up 64.80% at $325.75.
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