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 Clicca qui per i Grafici di Archipelago Learning, Inc. (MM)
Grafico Azioni Archipelago Learning, Inc. (MM) (NASDAQ:ARCL)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Archipelago Learning, Inc. (MM)