Law Office of Brodsky & Smith, LLC Announces Investigation of Archipelago Learning, Inc.
10 Marzo 2012 - 6:30PM
Business Wire
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
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/391-arcl-archipelago-learning-inc.html, or
by calling toll free 877-LEGAL-90.
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