Renaissance Learning's M&A Play

Mergers and Acquisitions

Renaissance Learning's M&A Play

Aug 31, 2011

Renaissance Learning: still in play. Last week, Plato Learning made an unsolicited bid of $15.50 a share cash for Renaissance (RLRN.O), topping a previous offer by private equity firm, Permira, which offered $14.85 a share. Among Renaissance's products: Accelerated Reader and Accelerated Math, along with Star Assessments. Street whispers suggest Permira may still prevail. On Tuesday, the stock closed at $15.53 a share.

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