Plato Ups Bid for Renaissance Learning

After its $471 million offer for education software company Renaissance Learning was rejected, Plato Learning Inc. has upped the offer to $496 milliom, Reuters reported. The cash offer values Renaissance at $16.90 per share. Buyout shop Permira had first struck a deal to buy Renaissance for $14.85 per share in August, but these plans were upset when Plato stepped in with a higher offer of $15.50 a share in September, Reuters wrote.

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