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Bright Scholar (BEDU) Announces Receipt of Preliminary Non-Binding Going Private Proposal

  • May 3, 2022

POTENTIAL DEAL DETAILS

StockBright Scholar Education Holdings LimitedSymbolBEDU
Date Announced04/29/2022Source Press Release
TypeUnsolicited BidAcquiring 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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.