Robbins Umeda LLP Announces an Investigation of Archipelago Learning, Inc.
06 Marzo 2012 - 12:23AM
Business Wire
Shareholder rights firm Robbins Umeda LLP has commenced an
investigation into possible breaches of fiduciary duty and other
violations of the law by members of the board of directors of
Archipelago Learning, Inc. (NASDAQ: ARCL) in connection with their
efforts to sell the company to PLATO Learning, a portfolio company
of Thoma Bravo, LLC. Concerned shareholders who would like more
information about their rights and potential remedies can contact
attorney Gregory E. Del Gaizo at (800) 350-6003,
info@robbinsumeda.com, or via the shareholder information form on
the firm's website.
On March 5, 2012, Archipelago Learning announced that it had
entered into a definitive merger agreement to be acquired by PLATO
Learning in an all-cash transaction. According to the terms of the
deal, Archipelago Learning shareholders will receive $11.10 for
each share of the company they own.
Robbins Umeda LLP's investigation focuses on whether Archipelago
Learning's board is undertaking a fair process to obtain maximum
value and adequately compensate shareholders in light of the
company's recent positive financial results. On March 5, 2012,
Archipelago Learning announced financial results for the fourth
quarter of fiscal year 2011 that beat analyst expectations. The
company reported adjusted EPS of $0.07 on revenue of $19.45
million, while analysts polled by Bloomberg had only expected EPS
of $0.02 on revenue of $18.40 million. Archipelago Learning's
$19.45 million in revenue represented a 14% increase over revenue
figures reported during the same quarter of the previous year. In
addition, at least one market analyst has released a target price
for Archipelago Learning that values the company's stock at $12.00
per share, higher than the value being offered by PLATO Learning as
a part of the proposed transaction.
Robbins Umeda attorneys highlight that Archipelago Learning
shareholders have the option to file a class action lawsuit against
the company to secure the best possible price for the company's
shareholders and the disclosure of material information to
shareholders so they can vote on the transaction in an informed
manner.
Robbins Umeda LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits, and has helped its
clients realize more than $1 billion of value for themselves and
the companies in which they have invested. For more information,
please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/archipelago-learning/
Attorney Advertising. Past results do not guarantee a similar
outcome.
Grafico Azioni Archipelago Learning, Inc. (MM) (NASDAQ:ARCL)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Archipelago Learning, Inc. (MM) (NASDAQ:ARCL)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Archipelago Learning, Inc. (MM) (NASDAQ): 0 articoli recenti
Più Robbins Umeda LLP Articoli Notizie