Higher One Holdings, Inc. Announces Sale of Campus Labs
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Higher One (ONE) to Sell Campus Labs for $91M
October 19, 2015 4:36 PM EDTHigher One Holdings, Inc. (NYSE: ONE), today, announced that, on October 14, 2015, it reached an agreement to sell its Campus Labs data analytics business to an affiliate of Leeds Equity Partners for a gross purchase price of $91 million cash. This purchase price is subject to certain closing adjustments including adjustments for working capital. The working capital adjustments will be determined at the time of closing, but may reduce the purchase price by $5 million to $7 million. The transaction is subject to necessary government,... More
