Why Stamps.com Stock Skyrocketed Today
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