Renaissance Learning Gets Bid from Plato Learning

Plato Learning Inc. has made an unsolicited bid for educational software company Renaissance Learning Inc., topping an earlier bid by the private equity firm Permira, Reuters reported. Plato has offered $15.50 per share in cash, which is a 7% premium on Renaissance Learning’s closing price Wednesday. Permira offered $14.85 per share last week, or $440 million.

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