By Dan Primack
May 18, 2012

Archipelago Learning (Nasdaq: ARCL) shareholders have approved a $291 million, or $11.10 per share, buyout offer from Plato Learning, a portfolio company of Thoma Bravo. Archipelago Learning is a Dallas-based provider of SaaS education tools and services. www.plato.com

Bain Capital and Clayton Dubilier & Rice have dropped out of the auction for Birds Eye Iglo, according to the WSJ. The frozen foods company is being sold by Permira, which is said to be seeking nearly €3 billion. Remaining bidders include BC Partners, The Blackstone Group, PAI Partners and, possibly, a Thai strategic buyer. www.permira.com

Freedom Communications has agreed to sell four newspapers to Versa Capital Management for an undisclosed amount: The Telegraph (Alton, IL), The Journal-Corrier (Jacksonville, IL), The Lima News (LIMA, OH) and The Sedalia Democrat (Sedalia, MO). Freedom shareholders include Angelo Gordon, Alden Global Capital and Luxor Capital Group. www.freedom.com

H.I.G. Capital has completed its previously-announced take-private acquisition of Comverge Inc., a provider of energy management solutions, for approximately $49 million ($1.75 per share). www.comverge.com

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