The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Archipelago Learning, Inc. (“Archipelago”) (NASDAQ: ARCL) and other violations of state law by the board of directors of Archipelago relating to the proposed acquisition of the company by Plato Learning, Inc. (“Plato”). The firm’s investigation seeks to determine, among other things, whether the board breached its fiduciary duties by failing to maximize shareholder value.
On March 6, 2012, Archipelago announced that it had entered into a definitive agreement providing for Plato to acquire Archipelago for $291 million. Under the terms of the merger agreement, Archipelago shareholders will receive $11.10 for each share of Archipelago common stock held. However, according to Yahoo! Finance, at least one analyst has set a high price target of $12.00 per share.
If you currently own shares of Archipelago and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Charles J. Piven, 410-415-6616
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