Arthur D. Little Inc. is considering a...

Arthur D. Little Inc. is considering a proposal under which a newly formed employee stock ownership program would acquire all of the Cambridge, Mass., research and consulting firm’s outstanding shares of common stock not owned by the Memorial Drive Trust, which owns approximately 70% of the outstanding shares. Management has proposed that a price of $57 per share be paid to public stockholders in the transaction. An independent committee of directors has been established to consider the proposal and independent financial advisers have been retained by the committee, the ESOP and the trust.