Archipelago Learning Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Archipelago Learning, Inc. Concerning the Sale of ARCL to PLATO Learning

DALLAS, March 5, 2012 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Archipelago Learning, Inc. ("Archipelago Learning" or "ARCL") (NASDAQ: ARCL) to PLATO Learning, Inc. for shareholders.  Under the proposed transaction, Archipelago Learning shareholders will receive $11.10 in cash for each share of Archipelago Learning/ARCL stock owned, which is well below the target value of $12.00 per share recently announced by analysts.

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If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [email protected], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [email protected].  There is no cost or fee to you.

The definitive merger agreement involves an all cash transaction with a total equity value of approximately $125 million.

The investigation centers on whether Archipelago Learning shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Archipelago Learning stock, and whether Archipelago Learning's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.  Although the acquisition price represents an approximate 23% premium over the closing price of Archipelago Learning the day prior to the buyout announcement, Archipelago Learning shares closed as high as $10.86 per share as recently as December 15, 2011.  Further, according to Yahoo! Finance, at least one analyst has reported that the true inherent value of Archipelago Learning shares may be as high as $12.00 per share.  According to shareholder rights attorney Willie Briscoe, "Because of the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue Archipelago Learning stock.  Our lawsuit will seek to obtain the highest share price for all shareholders."

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE Powers Taylor, LLP