Shares of Arco Platform Limited (ARCE) are rising more than 21% Thursday morning after the company said it received a buy-out proposal from General Atlantic L.P. and Dragoneer Investment Group, LLC.
The purchase price proposed by the companies is $11 per share, a 22% premium over the closing price of 9.04, as on November 30.
Arco Platform, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil.
ARCE, currently at $11.01, has traded in the range of $7.85-$23.18 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.