NEW YORK, March 5, 2012 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of Archipelago Learning, Inc. ("Archipelago" or the
"Company") (NASDAQ: ARCL) concerning the agreement to be purchased
by Plato Learning ("Plato") in a transaction valued at
approximately $291 million.
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On March 5, 2012, it was announced
that Plato and Archipelago had entered into an agreement pursuant
to which Plato will acquire Archipelago. Under the agreement,
Archipelago shareholders will receive $11.10 per share held. The offer price
represents a small premium over the closing price of Archipelago
shares on the last trading day before the deal was announced and
virtually no premium over the trading high during the past
year.
Our investigation concerns whether the board of directors is
fulfilling its fiduciary duties, maximizing the value of
Archipelago, disclosing all material benefits and costs and
obtaining full and fair consideration for Archipelago
shareholders.
If you own Archipelago shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Matthew M. Houston, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: mhouston@hfesq.com
bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2012 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP