Stamps.com shares surges 14% in premarket trading,as going private at $330 per share in $6.6B cash deal with Thoma Bravo

Stamps.com shares surges 14% in premarket trading,as going private at $330 per share in $6.6B cash deal with Thoma Bravo.

• Stamps.com(NASDAQ:STMP)stockholders toreceive $330.00 per share in cash.
• The offer price per share represents a premium of 66.9% over Stamps.com's closing share price on July 08, 2021.
• Stamps.com’s Board of Directors has unanimously approved the agreement with Thoma Bravo.
• Post-completion, Stamps.com will become a private company with the flexibility and resources to provide global e-commerce technology solutions.
• Additionally, Stamps.com will benefit from the operating capabilities, capital support, and deep sector expertise of Thoma Bravo.
• The agreement includes a 40-day “go-shop” period expiring August 18, 2021, allowing the Board and its advisors to actively initiate, solicit and consider alternative acquisition proposals from third parties.
• The transaction is expected to close in Q3'21, subject to customary closing conditions, including approval by Stamps.com stockholders and receipt of regulatory approvals.
• Stamps.com to resume trading at 8 a.m. ET