Renaissance Gets Offer from Thoma Bravo/HarbourVest But Recommends Lower Permira Bid
Renaissance Learning said yesterday that it did receive a definitive buyout proposal from Plato Learning that is backed by Thoma Bravo and HarbourVest Partners. Plato is bidding $15.50 a share cash, which includes $128 million equity plus $410 million in debt. However, Renaissance's board said it is still recommending a lower offer from Permira Funds. Permira is offering $14.85 a share cash.
23 September 2011•4 mins read
