Pomerantz Law Firm Investigates Claims on Behalf of Investors of Archipelago Learning Inc.
05 Mars 2012 - 6:47PM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of Archipelago Learning Inc.
(“Archipelago” or the “Company”) (NASDAQ: ARCL) (ISIN:
US03956P1021) concerning the proposed acquisition of Archipelago by
PLATO Learning in a cash transaction valued at approximately $291
million.
The investigation concerns whether the Archipelago directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, Archipelago shareholders would receive $11.10 in cash
per share of Archipelago common stock. However, at least one
analyst has set a target price of $12.00 per share.
Archipelago shareholders seeking more information about this
acquisition are advised to contact Rebecca Jarmon at
rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and
Washington, D.C., is acknowledged as one of the premier firms in
the areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
Archipelago Learning, Inc. (MM) (NASDAQ:ARCL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Archipelago Learning, Inc. (MM) (NASDAQ:ARCL)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Archipelago Learning, Inc. (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Pomerantz Haudek Grossman & Gross LLP