Benzinga | Jul 9, 2021 08:38AM EDT

Thoma Bravo To Acquire Stamps.com In $6.6B Deal

* Software investment firm Thoma Bravo inked an agreement to acquire e-commerce shipping solutions provider Stamps.com Inc (NASDAQ:STMP) in an all-cash transaction valued at $6.6 billion.

* Stamps.com stockholders will receive $330 per share in cash, representing a 67% premium to Stamps.com's closing share price on July 8, the last trading day before the deal announcement.

* Stamps.com will become a private company under the arrangement.

* Stamps.com can continue innovating and pursuing growth opportunities to capture the expanding e-commerce shipping market with Thoma Bravo's financial and operational support, Stamps.com's Chairman and CEO Ken McBride stated.

* Stamps.com's board had unanimously approved the agreement.

* Price action: STMP shares traded higher by 64.6% at $325.5 in the premarket session on the last check Friday.