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Why Stamps.com Stock Skyrocketed Today

TheMotleyFool

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Shares of Stamps.com (NASDAQ: STMP) soared 64% on Friday after the shipping-services leader announced it struck a deal to be acquired by private equity firm Thoma Bravo.

The all-cash deal values Stamps.com at roughly $6.6 billion. If the transaction is completed, shareholders will receive $330 in cash for each share they own, a 67% premium over Stamps.com's closing share price on Thursday.

Thoma Bravo hopes to make Stamps.com its latest acquisition. Image source: Getty Images.

Source Fool.com

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