POTENTIAL DEAL DETAILS
|Stock||Bright Scholar Education Holdings Limited||Symbol||BEDU|
|Date Announced||04/29/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Chairperson of the Board, Ms. Huiyan Yang, and Ms. Meirong Yang|
Bright Scholar Education Holdings Limited (BEDU), a global premier education service company, announced that its board of directors has received a preliminary non-binding proposal letter dated April 29, 2022 from its Chairperson of the Board, Ms. Huiyan Yang, and Ms. Meirong Yang proposing to acquire all of the outstanding Class A ordinary shares of the Company, including Class A Shares represented by American depositary shares, and Class B ordinary shares of the Company that are not already beneficially owned by the Buyer Group for a purchase price of US$0.83 per share in cash in a going private transaction, subject to certain conditions.
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