Educate (EEEE) Agrees To Be Acquired by Management-Led Group for $8/Share
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Educate, Inc. (Nasdaq: EEEE) entered into a definitive agreement to be acquired by a group of investors including Christopher Hoehn-Saric, Chairman and Chief Executive Officer, Peter Cohen, President and Chief Operating Officer, and certain other members of management and affiliates of Sterling Capital Partners and Citigroup Private Equity for $8.00 per share in cash. The total value of the transaction, including assumed debt, is approximately $535 million.
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