Renaissance Granted Early Termination

The announced $14.85 per share acquisition of Renaissance Learning by Permira has been granted early termination by the FTC. Renaissance Learning provides technology-based school improvement and student assessment programs for K-12 schools. The company has also received from Plato Learning, a portfolio company of Thoma Bravo and HarbourVest Partners, an unsolicited proposal to acquire the company for $15.50 per share, which it will consider. Meanwhile, the company's board of directors is continuing to urge stockholders to vote to approve the deal with Permira.