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 and spiked higher in early trade, before settling into a range. The stock closed up by 9.48 at $67.78, with volume at over a 10-month high. Stamps.com broke out of over a 1-month range and set a new high for the year.
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