Renaissance Learning Receives Revised Acquisition Proposal
Renaissance Learning, a provider of technology-based school improvement and student assessment programs for K-12 schools, has received an unsolicited, revised definitive acquisition proposal from Plato Learning. Under the revised definitive proposal, Plato Learning proposes to acquire all of the outstanding shares of Renaissance Learning for an aggregate purchase price of approximately $496.0 million. Renaissance Learning previously announced that the company and the Permira Funds entered into an amendment to the definitive merger agreement dated August 15, 2011 under which a company formed at the direction of the Permira Funds will acquire all of the outstanding shares of Renaissance Learning.
11 October 2011•8 mins read
