Stamps.com: end of “Go-Shop” period

Stamps.com:  end of “Go-Shop” period

Stamps.com, a provider of e-commerce shipping solutions, has announced the expiration of the 40-day “go-shop” period under the terms of the previously announced merger agreement, pursuant to which Thoma Bravo, a leading software investment firm, has agreed to acquire the Company in an all-cash transaction valued at approximately $6.6 billion.

The 40-day “go-shop” period expired at 11:59 p.m. Pacific Time on August 17, 2021.

Pursuant to the merger agreement, at the direction of the Company’s Board of Directors, representatives of J.P. Morgan, the Company’s exclusive financial advisor, contacted and sought to engage in discussions regarding alternative acquisition proposals with potentially interested third parties. The Company did not receive an acquisition proposal from any of the parties contacted. In addition, J.P. Morgan received no inquiries from other potentially interested parties during the “go-shop” period.

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