TITLE

Educate $535M Management Group Buyout Expected to Close in Q2

PUB. DATE
February 2007
SOURCE
Electronic Education Report;2/9/2007, Vol. 14 Issue 3, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the management group buyout of supplemental education service and product provider Educate Inc. in Baltimore, Maryland. Educate has entered into a definitive agreement to be acquired by a group of investors that includes R. Christopher Hoehn-Saric, chairman and chief executive of the company; Peter Cohen, president and chief operating officer; and Christopher Paucek, president of educate products; among others. The buyout values the company at $8 per share. Based on 43 million shares outstanding, the buyers will pay $344 million for the company.
ACCESSION #
24040496

 

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