Inc. (NASDAQ: STMP) has inked am agreement to be acquired by Thoma Bravo in an all-cash transaction that values at nearly $6.6 billion. Thoma Bravo has gained recognition as a prominent software investment firm. This is the significant breakthrough in the history of

This agreement will offer the firm a new and thrilling platform from which the firm can continue to implement its global strategy determined by best-in-class software and technology solutions. After the acquisition, Thoma Bravo will offer financial and operational support to which enable STMP to continue to revolutionize and chase growth opportunities to capture the growing e-commerce shipping market. This agreement will also strengthen its position as the prominent global multi-carrier e-commerce shipping software firm.

Shares of surged 63.67% as the firm has gained +126.17 at the time of writing. The firm has recorded the trading volume of 2.57 million as compared to the average volume of 200.59K. In the past 52-week of trading session, the share of firm has oscillated between the 52-week low and high range of $159.22 and $25.13, respectively. has total market capitalization of $3.70 billion at the time of writing.

Financial Details

Furthermore, stockholders will get $330.00 per share in cash signifying a premium of 67 percent over the closing share price of the firm on July 8, 2021, the last full trading day before to the transaction announcement as per the deal.

After the execution of the deal, will become a private firm with the flexibility and resources to continue to offer best-in-class global e-commerce technology solutions. Moreover, will gain from the operating facilities, capital support and deep sector professional knowledge of Thoma Bravo.