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Educational assessment software developer Renaissance Learning (RLRN +24.3%) is being acquired...

Aug. 16, 2011 9:42 AM ETRenaissance Learning, Inc. (RLRN) StockRLRNBy: Eric Jhonsa, SA News Editor

Educational assessment software developer Renaissance Learning (RLRN +24.3%) is being acquired by PE firm Permira Funds for $14.85/share in cash, or roughly $440M. The transaction is expected to close in Q4. (PR)

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Renaissance Learning, Inc.