TITLE

Educate Management Proposes $344 Million Buyout

PUB. DATE
October 2006
SOURCE
Educational Marketer;10/2/2006, Vol. 37 Issue 28, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the buyout offered by a management team to the Baltimore, Maryland-based Educate Inc. with an estimated deal worth $344 million. The team plans to acquire all outstanding shares of the company for $8 per share. According to Trace Urdan, managing director at investment bank Signal Hill Capital, the buyout of Educate is expected to happen quickly because it was offered with a fair price.
ACCESSION #
22653599

 

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