The Best Of Breed Now: Inc. (STMP) Inc. (NASDAQ: STMP) went up 64% to $324.23 on July 9. This was due to the announcement of the company’s sale to private hands with a significant premium for shareholders. Additionally, the big deal is a positive signal for companies that provide email services.

The private equity firm Thoma Bravo will purchase for $6.6 billion. At closing, shareholders will receive $330, up 67% from July 8 when the announcement was made. Growth in STMP shares the next day was driven by this message. Meanwhile, the high premium and size of the deal have attracted attention to, a player in the IT services arena. has experienced its most successful period in history during the past two years. It provides services for companies that process a large number of postal items. As an example, offers a virtual “post office” that enables you to order related goods and services. Businesses of all sizes, including online merchants and large retailers, use The industry enjoyed a positive boost during the COVID-19 period, and attracted private equity investors.

In accordance with the agreement, has 40 days to find the best deal. Assuming it is not found and regulators and shareholders approve the merger, the transaction would close in the third quarter of 2021. In addition, will continue to operate and expand its business with Thoma Bravo’s investment.

STMP’s stock surged 63.98% to close Friday’s session at $324.23. The stock volume remained 4.23 million shares, which was higher than the average daily volume of 0.28 million shares within the past 50 days. STMP shares have gained 54.85% over the last 12 months, and they have moved up by 59.55% in the past week. Over the past three months, the stock has gained 57.67%, while over the past six months, it has shed 53.47%. 

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