NEW YORK, March 7, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Archipelago
Learning, Inc. ("Archipelago Learning" or the "Company") (Nasdaq:
ARCL) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to PLATO
Learning. Under the terms of the agreement, Archipelago
Learning shareholders will receive $11.10 for each share of Archipelago Learning
stock they own. The transaction has a total approximate value
of $291 million.
Click here to learn how to join the action:
http://www.zlk.com/archipelago-learning-arcl, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Archipelago Learning
Board of Directors breached their fiduciary duties to Archipelago
Learning stockholders by failing to adequately shop the Company
before entering into this transaction and whether PLATO Learning is
underpaying for Archipelago Learning shares, thus unlawfully
harming Archipelago Learning stockholders. In particular, at
least one analyst set a price target of $12.00 per Archipelago Learning share.
If you own common stock in Archipelago Learning and wish to
obtain additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP