Arco Signs An Agreement To Go Private At $14/Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Arco has signed an agreement to go private at $14 per share in cash, a 55% premium over the closing share price on November 30, 2022. The agreement has been unanimously recommended by a special committee of independent directors of Arco's board. The company's founders will maintain a controlling ownership stake and company leadership.
August 11, 2023 | 5:42 am
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Arco's decision to go private at a 55% premium could lead to a short-term increase in its share price.
The news of Arco going private at a 55% premium over the closing share price on November 30, 2022, is likely to be seen positively by the market. This could lead to a short-term increase in the share price as investors may want to take advantage of the premium price before the company goes private.
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