Supply Chain Council of European Union | Scceu.org
Technology

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

by scceu0394

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…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related posts

7 Blue-Chip Stocks to Buy Before the Bull Market Returns

scceu

Here’s How Encryption Software Market Booming Worldwide

scceu

Made4net and 3G Announce Partnership Delivering End-to-End Warehouse and Transportation Management

scceu