POTENTIAL DEAL DETAILS
|Stock||Arco Platform Limited||Symbol||ARCE|
|Date Announced||11/30/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||General Atlantic L.P. and Dragoneer Investment Group, LLC|
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.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.