Stamps.com is being taken private in a $6.6 billion transaction, the company said on Friday.
Thoma Bravo will pay Stamps.com shareholders $330 per share, an approximately 67% premium to where shares settled on Thursday. Thoma Bravo is a Chicago-based private-equity firm that focuses on investing in software and technology companies and has over $78 billion in assets.
"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," Stamps.com CEO Ken McBride said in a statement.
The deal includes a 40-day "go-shop" period where Stamps.com can solicit and consider other proposals from third parties.
Barring the acceptance of a different proposal, the deal between Stamps.com and Thoma Bravo is expected to close in the third quarter of this year.
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Stamps.com will continue to be headquartered in El Segundo, California.
J.P. Morgan Securities is serving as the exclusive financial advisor for Stamps.com.