Ed-Tech Policy

Renaissance Learning to Be Sold for $440 Million

By The Associated Press — August 16, 2011 1 min read
  • Save to favorites
  • Print

Renaissance Learning Inc. which makes curriculum and academic assessment products for schools from kindergarten through the 12th grade, will be acquired by private equity firm for $440 million, the companies said on Tuesday.

Permira Funds is paying $14.85 per share, a premium of 25.5 percent over its closing stock price Monday.

The board of Renaissance has approved the deal and is recommending that shareholders do the same, the company said.

Renaissance will become privately held after the acquisition closes. Its shares rose $2.77, or 23.4 percent, to $14.60 in early trading Tuesday.

Related Tags:

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Reading & Literacy Webinar
The Future of the Science of Reading
Join us for a discussion on the future of the Science of Reading and how to support every student’s path to literacy.
Content provided by HMH
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
College & Workforce Readiness Webinar
From Classrooms to Careers: How Schools and Districts Can Prepare Students for a Changing Workforce
Real careers start in school. Learn how Alton High built student-centered, job-aligned pathways.
Content provided by TNTP
Student Well-Being Live Online Discussion A Seat at the Table: The Power of Emotion Regulation to Drive K-12 Academic Performance and Wellbeing
Wish you could handle emotions better? Learn practical strategies with researcher Marc Brackett and host Peter DeWitt.

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Ed-Tech Policy Could a Digital Driver’s License Help Students Manage Their Cellphone Use?
Experts say that schools need to teach students healthy cellphone habits, even if their devices are banned at school.
5 min read
Telephone, Mobile Phone, Hand, Smart Phone, Social media, Engagement, Social Issues, Technology, The Media, Scrolling
iStock/Getty Images
Ed-Tech Policy Q&A A Researcher Studied a High School's Cellphone Ban. Here's What She Found
A professor spent the past year surveying teachers on the use of a phone-free policy in their high school.
3 min read
Illustration of a young woman turning off her mobile phone which is even bigger than she is.
iStock/Getty
Ed-Tech Policy Q&A To Ban or Not to Ban? Two Experts Sound Off on School Cellphone Restrictions
States and school districts are rushing to restrict student smartphone use. But is it the right move?
6 min read
Image with a check mark and an x to show support for cellphones or not.
Nadia Bormotova/iStock/Getty
Ed-Tech Policy Cellphone Ban Adopters Share How They Did It—and How It's Changed Students
School administrators detail how they got staff, students, and parents to believe in new, stricter cellphone policies.
6 min read
A phone holder hangs in a classroom at Delta High School, Friday, Feb. 23, 2024, in Delta, Utah. At the rural Utah school, there is a strict policy requiring students to check their phones at the door when entering every class. Each of the school's 30 or so classrooms has a cellphone storage unit that looks like an over-the-door shoe bag with three dozen smartphone-sized slots.
A phone holder hangs in a classroom at Delta High School, Feb. 23, 2024, in Delta, Utah. At the rural Utah school, like in schools across the country, there is a strict policy requiring students to check their phones at the door when entering every class.
Rick Bowmer/AP