KYG045531061 - Common Stock
11.67 -0.38 (-3.15%)
Arco Platform press release (ARCE): Q4 GAAP EPS of $0.40 beats by $0.01.Revenue of $679.3M (+47.4% Y/Y) beats by $557.78M.Cash gross margin (gross margin excluding depreciation...
A group of Arco Platform Ltd. shareholders sent a letter to directors urging them to reject a deal to take the company private, according to a copy of the communication reviewed by Bloomberg News.
General Atlantic LLC and Dragoneer Investment Group proposed to take Arco Platform Ltd. private as shares of the Brazilian tech-education company trade near all-time lows. The stock jumped as much as 25%.