Archipelago Learning Inc. (NASDAQ: ARCL)
Kendall Law Group, led by former federal judge Joe Kendall, is investigating Archipelago Learning Inc. (NASDAQ: ARCL) for shareholders in connection with the proposed acquisition by Plato Learning. The national securities firm’s investigation seeks to determine whether Archipelago Learning and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Archipelago Learning shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at email@example.com.
On March 5, 2012, Archipelago Learning announced the definitive merger agreement under which the company would be acquired by Plato Learning, in a transaction valued at approximately $291 million. Under the terms of the agreement, Archipelago Learning stockholders will receive $11.10 in cash for each share of Archipelago Learning/ARCL common stock held. According to Thompson/First Call, at least one analyst has set a price target of $12.00 per share for Archipelago Learning’s stock. The firm’s investigation seeks to determine whether Archipelago Learning and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.