Stamps.com Inc (NASDAQ: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.
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“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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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.