{"id":117959,"date":"2021-07-09T17:26:19","date_gmt":"2021-07-09T17:26:19","guid":{"rendered":"https:\/\/fin2me.com\/?p=117959"},"modified":"2021-07-09T17:26:19","modified_gmt":"2021-07-09T17:26:19","slug":"thoma-bravo-to-take-stamps-com-private-for-6-billion-shares-jump","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/thoma-bravo-to-take-stamps-com-private-for-6-billion-shares-jump\/","title":{"rendered":"Thoma Bravo to take Stamps.com private for $6 billion, shares jump"},"content":{"rendered":"

(Reuters) -Stamps.com said on Friday private equity firm Thoma Bravo would take the e-commerce shipping solutions provider private for about $6 billion in cash, sending its shares nearly 64% higher.<\/p>\n

Stamps.com shareholders will receive $330 per share, according to the agreement, representing a premium of about 67% to the stock\u2019s close on Thursday.<\/p>\n

The deal, expected to close in the third quarter of this year, is valued at about $6.6 billion including debt.<\/p>\n

Thoma Bravo is one the largest software-focused private equity firms with more than $78 billion in assets under management. Its portfolio companies include information technology services provider SolarWinds Corp and cybersecurity firm McAfee Corp.<\/p>\n

It announced take-private deals for security software vendor Proofpoint and data solutions provider Talend earlier this year.<\/p>\n

The high premium for Stamps.com was reasonable and justifiable in the context of recent software deals, K Liu & Co analyst said in a note.<\/p>\n

\u201cWe have always viewed Stamps.com as a juggernaut in the e-commerce space and believed shares could eventually garner a premium valuation more akin to highly regarded peers like Shopify,\u201d the note said.<\/p>\n

Stamps.com targets its services at small businesses and home offices and helps them print U.S. Postal Service-approved postage right from their workplace. The company, which has nearly 732,000 monthly subscribers, has also partnered with Microsoft.<\/p>\n

The deal also includes a 40-day \u201cgo-shop\u201d period, which will allow the company to consider alternative offers, Stamps.com said.<\/p>\n

The company\u2019s shares were trading at $323.42, about $7 behind the offer price.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -Stamps.com said on Friday private equity firm Thoma Bravo would take the e-commerce shipping solutions provider private for about $6 billion in cash, sending […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nThoma Bravo to take Stamps.com private for $6 billion, shares jump - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/thoma-bravo-to-take-stamps-com-private-for-6-billion-shares-jump\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thoma Bravo to take Stamps.com private for $6 billion, shares jump - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) -Stamps.com said on Friday private equity firm Thoma Bravo would take the e-commerce shipping solutions provider private for about $6 billion in cash, sending [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/thoma-bravo-to-take-stamps-com-private-for-6-billion-shares-jump\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-09T17:26:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/EjwKwSWciRLusWfuPtkX.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"563\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/thoma-bravo-to-take-stamps-com-private-for-6-billion-shares-jump\/\",\"url\":\"https:\/\/fin2me.com\/markets\/thoma-bravo-to-take-stamps-com-private-for-6-billion-shares-jump\/\",\"name\":\"Thoma Bravo to take Stamps.com private for $6 billion, shares jump - 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