Stamps.com Inc. (STMP) announced after the bell Tuesday that it has agreed to acquire Endicia, a wholly owned subsidiary of Newell Rubbermaid, for $215 million in cash.
Stamps.com gapped up sharply Wednesday morning and is now up 9.04 at $67.34 on above average volume. The stock has broken out of over a 1-month range and has set a new high for the year.
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