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Borderfree shares soar on $395M buyout by Pitney Bowes

May 06, 2015 - The Deal Pipeline
Financial Results

Shares of Borderfree Inc. (BRDR) more than doubled Wednesday morning after the international e-commerce services provider announced it would be acquired by Pitney Bowes Inc. (PBI) for about $395 million.

Borderfree shares, listed on the Nasdaq as BRDR, jumped almost 106% to $13.98 in morning trading.  Stamford, Conn.-based technology company Pitney Bowes will pay $14 a share in cash for all outstanding shares of Borderfree, or about $395 million including expected cas...