to be taken private in $6.6B deal

FAN Editor is being taken private in a $6.6 billion transaction, the company said on Friday.

Thoma Bravo will pay shareholders $330 per share, an approximately 67% premium to where shares settled on Thursday. Thoma Bravo is a Chicago-based private-equity firm that focuses on investing in software and technology companies and has over $78 billion in assets. 

Ticker Security Last Change Change %
STMP STAMPS.COM, INC. 323.02 +125.30 +63.37%

“With the financial and operational support of Thoma Bravo, can continue to innovate and pursue growth opportunities to capture the expanding e-commerce shipping market and extend our position as the leading global multi-carrier e-commerce shipping software company,” CEO Ken McBride said in a statement.

The deal includes a 40-day “go-shop” period where can solicit and consider other proposals from third parties. 

Barring the acceptance of a different proposal, the deal between and Thoma Bravo is expected to close in the third quarter of this year. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE will continue to be headquartered in El Segundo, California. 

J.P. Morgan Securities is serving as the exclusive financial advisor for

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