Learning Tree (LTRE) Will Not Pursue Sale

Learning Tree International, Inc. (NASDAQ: LTRE) Board of Directors received a letter from Dr. Collins, Chairman and Chief Executive Officer of the Company, withdrawing his offer to purchase all of the outstanding shares of the Company. Dr. Collins has indicated to the Special Committee that he believes that the Company's focus at this time should be on its operations in light of the current business environment and that he does not support the Company pursuing a sale process. The Company's second largest stockholder has indicated to the Committee that he is supportive of Dr. Collins' view not to pursue a sale process. In light of the foregoing, the Committee has concluded that a sale of the Company is not feasible at this time and should not be pursued.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Paramount Skydance clears global regulators for WBD deal, faces state AG suit
• VICI Properties closes $1.75B senior unsecured notes offering
• Cable One names Heather McCallion as chief operating officer