Postal Instant Press Inc. agreed to be...

Postal Instant Press Inc. agreed to be taken private by a management-led investor group for $67.9 million, or $17.41 a share. The pact ends six weeks of acquisition negotiations. An earlier, $17-a-share bid by the management group, headed by PIP Chief Executive Thomas Marotto, was permitted to expire two weeks ago when the company entered into talks with an unidentified third party that was offering $17.50 a share, or $68.25 million. However, PIP said “serious questions arose as to the firmness of that offer,” and Marotto’s group boosted its bid. PIP, the nation’s largest franchiser of printing centers, has 3.9 million shares outstanding.