Educate Inc. buyout wins shareholder approval

Baltimore Business Journal

Shareholders of Educate Inc., a Baltimore-based tutoring services company, approved a $344 million buyout proposal Tuesday morning that will take the public company private.

In January, Educate’s board of directors approved a buyout offered by its chairman and CEO, Christopher Hoehn-Saric, along with Baltimore-based Sterling Capital Partners, and Citigroup Private Equity for $8 a share. Read full article.

[tags]Educate Inc.[/tags]

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