Stamps.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 MoreFollowing months of speculation over Stamps.com’s (STMP) prospects for securing a new strategic partnership to mitigate the loss of incentive fees from the United States Postal Service (USPS), we were excited to see the company highlighted as a preferred partner under UPS’ Digital Access Program. We refer readers to our initial take on the news, “UPS Signs Agreement to Offer Discounted Shipping Rates to Stamps.com’s Customer Base,” for a more detailed discussion of the implications.
Read MoreFollowing a 13D/A filing by controlling shareholder Dell Technologies (DELL) disclosing merger discussions, Pivotal Software (PVTL) confirmed that the company is negotiating an agreement to be acquired by VMware (VMW) for $15.00 per share in cash, representing a premium of nearly 81% to the close price prior to the disclosure.
Read MoreWell that was quick. Following a Bloomberg report last month that Monotype Imaging Holdings (TYPE) was exploring strategic options, the company agreed to be taken private by HGGC, a middle market private equity firm, for an equity value of approximately $895 million earlier this morning.
Read MoreAmidst the deluge of earnings this week, a couple of tuck-in acquisitions were also announced.
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