Archipelago Learning To Be Bought By Plato Learning For $11.10/Share
Archipelago Learning Inc (NASDAQ: 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.
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