“After a thorough review of the company’s strategic alternatives by our Board of Directors, we view the transaction as an excellent outcome for our shareholders, delivering an attractive premium relative to our current and historical trading levels as well as full cash liquidity,” stated Mr. McEwen.
Following the close of the transaction, the combined companies’ customer base will include over 50,000 schools and 17 million pre-K through adult students. The expanded and complementary product portfolio will provide schools and districts cost effective, results-based, end-to-end online learning solutions. These solutions include virtual instruction, credit recovery, intervention, test preparation, formative and diagnostic assessment, supplemental classroom instruction, college and career readiness, and developmental education.
For the rest of the article, go to Archipelago Learning to be Acquired by PLATO Learning

