to Be Bought by Thoma Bravo in $6.6 Billion Cash Deal – The Wall Street Journal

0 agreed to be acquired by private-equity firm Thoma Bravo in an all-cash deal that values the e-commerce shipping software company at about $6.6 billion. stockholders will receive $330 a share in cash, a 67% premium over the company’s $197.72 closing price Thursday.

When the deal is complete, will become a private company. said it would benefit from the operating capabilities, capital support and sector expertise of software and technology investor Thoma Bravo. Thoma Bravo said is well-positioned to capitalize on tailwinds in e-commerce.

The deal agreement includes a 40-day “go-shop” period expiring Aug. 18, which allows’s board and its advisers to initiate, solicit and consider alternative acquisition proposals from third parties. The companies expect the transaction to close in the third quarter.

Shares of jumped 64% Friday to $323.86 in midday trading.

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