Faruqi & Faruqi, LLP Answers Questions Regarding the Acquisition of Archipelago Learning, Inc.
March 21 2012 - 1:32PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Archipelago Learning, Inc. (“Archipelago” or the
“Company”) (NASDAQ: ARCL) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to PLATO Learning, a portfolio company of Thoma Bravo, LLC,
in an all-cash deal valued at about $291 million. Under the terms
of the proposed transaction, Archipelago stockholders will receive
$11.10 in cash for each share of Archipelago common stock they own,
while according to Yahoo! Finance, at least one financial analyst
has set a price target of $12 for Archipelago.
Request more information now by clicking here:
www.faruqilaw.com/ARCL
Whether Archipelago’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Archipelago’s shares and by how much this proposed
transaction undervalues the Company to the detriment of
Archipelago’s shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Archipelago and wish to obtain
additional information, please visit us at www.faruqilaw.com/ARCL
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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