Archipelago Learning Inc ARCL agreed to be bought by Plato Learning, a unit of Thomas Bravo LLC for $11.10 per share in cash.
The offer price represents a 23% premium over ARCL's closing price of $9.04 per share on Friday.
ARCL shares closed at $9.04 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in