InsideArbitrage Potential Deal: Arco (ARCE) Announces Receipt of Non-Binding Going Private Proposal

  • December 1, 2022


StockArco Platform LimitedSymbolARCE
Date Announced11/30/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Achieve Holdings
Date of Confirmation: 08/10/2023Price at Confirmation: $11.95
Potential Profit: 5.10%Annualized Profit: 7.36%

Arco Platform Limited (ARCE), announced that its board of directors has received a preliminary non-binding proposal dated November 30, 2022, from General Atlantic L.P. and Dragoneer Investment Group, 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 Netoor their respective affiliates.


December 7, 2022: A group of Arco Platform Ltd. (ARCE) shareholders sent a letter to directors urging them to reject a deal to take the company private.

January 26, 2023: Arco Platform Limited (ARCE), announced that proposal is under evaluation by the Special Committee, and no decisions have been made with respect to the response to the Proposal.

May 1, 2023: Arco Platform Limited (ARCE) announced that the special committee of the board of directors received a revised non-binding proposal from General Atlantic L.P. and Dragoneer Investment Group to acquire all of the outstanding Class A common shares of the company at a price of $13.00 per share in cash.


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