Stamps com inc1/1/2023 #STAMPS COM INC SOFTWARE#The company said is well positioned to capitalize on long term trends in the ecommerce industry due to its management team, software solutions and growing customer base. Its portfolio includes McAfee, Glendale-based ServiceTitan Inc. Thoma Bravo manages $78 billion in assets and is one of the largest private equity firms in the world. in June and a $12.3 billion acquisition of security software company Proofpoint Inc. The acquisition is one of several major purchases made by Thoma Bravo this year, including a $2 billion acquisition of cloud software company QAD Inc. “With the financial and operational support of Thoma Bravo, can continue to innovate and pursue growth opportunities to capture the expanding ecommerce shipping market and extend our position as the leading global multicarrier ecommerce shipping software company,” McBride said. The company’s board unanimously approved the merger and recommended its stockholders do the same at its upcoming meeting regarding the merger. During this time the company’s board and advisers can solicit and consider acquisition proposals from third parties and terminate the merger with Thoma Bravo if receives a “superior proposal,” the companies said in their announcement.īut said it would benefit from Thoma Bravo’s operating capabilities, capital support and technology and software sector expertise. has a 40 day “go-shop” period, expiring Aug. “I’ve always viewed Stamps being a bit of a juggernaut in the ecommerce space and always believed that the shares could eventually garner premium valuation,” Amin said. According to Amin, has consistently been undervalued by public markets despite often beating analysts’ earnings expectations. It was only a matter of time, he added, before a private equity firm recognized the company’s value. Ruhell Amin, sector lead at Playa Vistabased independent advisory firm William O’Neil and Co., said the premium paid by Thoma Bravo was justified. “This transaction is a testament to the excellence and hard work of all of our employees and their relentless dedication to our customers and partners throughout the world,” Ken McBride, ’s chairman and chief executive, said in a statement. will continue to operate out of its El Segundo headquarters after the deal closes. The acquisition is expected to close in the third quarter of 2021 and is subject to regulatory and stockholder approval. will become a private company and will be delisted from the Nasdaq. The company’s stock skyrocketed 64% the next day, closing at around $324. Thoma Bravo will pay $330 a share, a 67% premium on ’s closing price of around $198 per share on July 8, the day before the merger was announced. will be acquired by Thoma Bravo, a Chicago-based private equity firm, for $6.6 billion in cash, the companies announced July 9. El Segundo-based ecommerce postage company Inc.
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