Law Office of Brodsky & Smith, LLC Announces Investigation of Archipelago Learning, Inc.
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Archipelago Learning, Inc. (NASDAQ: ARCL) relating to the proposed acquisition by PLATO Learning, a portfolio company of Thoma Bravo, LLC (“Thoma Bravo”).
Under the terms of the transaction, Archipelago Learning shareholders would receive only $11.10 in cash for each share of Archipelago Learning stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Archipelago Learning for not acting in the Company's shareholders' best interests in connection with the sale process to Thoma Bravo. The transaction may undervalue Archipelago Learning as Archipelago Learning stock traded at $11.89 on January 27, 2011 and an analyst has set a price target on Archipelago Learning stock at $12.00 per share.
If you own shares of Archipelago Learning stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, visiting http://brodsky-smith.com/391-arcl-archipelago-learning-inc.html, or by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire