Arco enters into agreement to go private at a price of us$14 per share in cash

SÃo paulo--(business wire)--arco platform limited (nasdaq: arce) (“arco” or “company”), a leading operating system for k-12 schools, today announced that it has entered into a definitive agreement and plan of merger (the “agreement”) with achieve holdings (“bidders' holdco”) and achieve merger sub, a wholly owned subsidiary of bidders' holdco (“merger sub”), pursuant to which investment entities affiliated with general atlantic l.p. (“general atlantic”) and dragoneer investment group, llc (“dra.
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