Arco Platform shares are trading higher after the company announced it signed an agreement to go private at $14 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Arco Platform has announced that it has signed an agreement to go private at $14 per share in cash. This has resulted in its shares trading higher.
August 11, 2023 | 12:26 pm
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Arco Platform's shares are trading higher following the announcement of its agreement to go private at $14 per share in cash.
The announcement of Arco Platform going private at $14 per share in cash has led to an increase in its share price. This is because the deal provides a guaranteed cash return to shareholders, which is often viewed positively by the market.
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