Arco Provides Update Related to the Non-Binding Proposal
Arco Platform Limited - Class A Common Shares (ARCE)
Last arco platform limited - class a common shares earnings: 5/21 04:05 pm
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Company Research
Source: Business Wire
SÃO PAULO--(BUSINESS WIRE)--Arco Platform Limited, or “Arco” or “Company” (Nasdaq: ARCE), today announced that the special committee of the board of directors (the “Special Committee”) received a revised non-binding proposal from General Atlantic L.P. (“General Atlantic”) and Dragoneer Investment Group, LLC (“Dragoneer”) to acquire all of the outstanding Class A common shares of the Company that are not held by such parties or Oto Brasil de Sá Cavalcante and Ari de Sá Cavalcante Neto or their respective affiliates at a price of $13.00 per share in cash. Based on recent discussions between the Special Committee and General Atlantic and Dragoneer, the Special Committee has agreed to negotiate definitive agreements with respect to a potential transaction. However, no agreement has been reached as to the terms of a potential transaction and there can be no assurance that a transaction will be approved at any time or as to the price or other terms of any such transaction.About Arco Pla
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ARCE
News
- Arco Platform Limited (NASDAQ: ARCE) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $14.00 price target on the stock, down previously from $17.00.MarketBeat
- Arco Platform Ltd (ARCE) Q2 2023 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Arco Reports Second Quarter 2023 ResultsBusiness Wire
- Arco to Report Second Quarter Financial Results on Aug 31st, 2023Business Wire
- Arco Platform jumps after agreeing to $14/share take private deal [Seeking Alpha]Seeking Alpha
ARCE
Earnings
- 8/31/23 - Miss
ARCE
Sec Filings
- 8/31/23 - Form 6-K
- 8/31/23 - Form 6-K
- 8/18/23 - Form SC
- ARCE's page on the SEC website