Shares of Arco Platform Limited (ARCE), a technology company in the education sector, are rising more than 14% Monday morning after the company said it received a revised buyout proposal from General Atlantic L.P. and Dragoneer Investment Group, LLC for $13 per share, to be paid in cash.
In November last year, the company had received an acquisition proposal for $11 per share from the same parties.
ARCE, currently at $12.52, has been trading in the range of $7.85-$19.96 in the last 52 weeks.
Source: Read Full Article
Lates News:
-
Stanley Black & Decker Lifts FY23 Adj. EPS View Above Market; Stock Up In Premarket – Update
-
$BTC Market Cap Dominance Falls to Levels Last Since in January 2018
-
Why Wall Street Sees Bitcoin Falling Sharply To $10,000
-
Bitcoin Price Could Easily Double Under CFTC-Led Regulation, Chair Rostin Behnam Reckons
-
Cryptos Muted, Market Cap Above $800 Billion