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Technology

Kirkland, Proskauer Steer $6.6B Stamps.com Take-Private

by scceu0338

Law360 (July 9, 2021, 5:32 PM EDT) — Web-based shipping company Stamps.com said Friday that it has agreed to go private through a deal with investment firm Thoma Bravo, which values the site at $6.6 billion and is steered by Kirkland & Ellis LLP and Proskauer Rose LLP.

Stamps.com stockholders would receive $330 cash per share under the deal terms jointly announced Friday. This represents a 67% premium over the site’s July 8 closing price, the companies said. The deal also includes a 40-day buffer period to shop for alternative proposals.

The deal has the support of the Stamps.com board, according to Friday’s announcement, and is expected to close…

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