Stamps.com’s (STMP) shareholders approved the company’s proposed sale to Thoma Bravo for $330.00 per share in cash, paving the way for the transaction to close this coming week. Of course, our coverage of Stamps.com will come to an end with the closing of the deal.
Read MoreStrategic acquisitions dominated the headlines this week led by Zoom Video Communications’ (ZM) move to acquire contact center software provider Five9 (FIVN) in an all-stock transaction valued at $14.7 billion.
Read MoreAs the fate of the United States Postal Service’s (USPS) customized postage program hangs in the balance, Stamps.com (STMP), Minted.com and the Alliance of Nonprofit Mailers all filed comments with the Postal Regulatory Commission in favor of leaving the program intact with perhaps a few minor modifications to resolve an outstanding USPS legal issue pertaining to a customer’s desire to order PhotoStamps with “some pleasant, innocuous Christian images.”
Read MoreStamps.com (STMP) stole the show this week as shares basically doubled following the release of the company’s Q4 ’19 results. As noted in our recap, Strong Results and Guidance Remove Major Overhang, the big surprise was management’s outlook for growth in FY ’20 when many, us included, had assumed newly negotiated terms between the United States Postal Service (USPS) and its reseller partners would present a headwind to growth over a multi-year horizon.
Read MoreCarbonite (CARB), a provider of data protection services and endpoint security, has agreed to be bought by OpenText (OTEX) for $23.00 per share in cash, a 25% premium to the last closing price preceding the announcement and a 78% premium to the unaffected closing price on the day prior to reports that the company was considering a sale.
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