Renaissance Learning (RLRN +0.5%) rejects a sweetened takeover bid from Plato Learning valued at...

|About: Renaissance Learning, Inc. (RLRN)|By:, SA News Editor

Renaissance Learning (RLRN +0.5%) rejects a sweetened takeover bid from Plato Learning valued at ~$471M, reiterating support for a deal from Permira Funds received yesterday. Majority shareholders Terrance and Judith Paul told RLRN's board they wouldn't support the new offer because it "could not reasonably be expected to lead to a superior proposal."