Arco Enters into Agreement to Go Private at a Price of US$14 per Share in Cash
Retrieved on:
Friday, August 11, 2023
Primary, Secondary, Education, Data Management, Technology, Software, Other Education, Slate, Agreement, Wardwell, Investment, BMA, Committee, Sub, AND, Ropes & Gray, Person, Schedule, Mergers and acquisitions, Skadden, Arps, Slate, Meagher & Flom, EBay v. Bidder's Edge, Walkers, Finance Secretary (India), Form 6-K, General Atlantic, Canadian House of Commons Special Committee on Electoral Reform, Paul, Weiss, Rifkind, Wharton & Garrison, Maples Group, Proxy, Security (finance), Auction, Dragoneer Investment Group, Investment company
The Per Share Merger Consideration values Arco at a total enterprise value of approximately US$1.5 billion.
Key Points:
- The Per Share Merger Consideration values Arco at a total enterprise value of approximately US$1.5 billion.
- As previously disclosed, the Board of Directors of the Company (the “Board”) formed a special committee (the “Special Committee”) consisting of four independent directors to consider the Proposal.
- Upon receiving the unanimous recommendation of the Special Committee, the Board approved the Agreement, the Merger and the other transactions contemplated by the Agreement.
- In connection with the Merger, the Company will prepare and mail to its shareholders a proxy statement that will include a copy of the Agreement.