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IN BRIEF | EDUCATION

Sylvan's parent accepts offer of $535 million

January 30, 2007|From Bloomberg News

Educate Inc., owner of Sylvan Learning centers, has agreed to be acquired by a group of investors, including part of its management team, for about $535 million.

The investor group offered the Baltimore-based company $8 a share in addition to assuming about $191 million in debt. The deal is expected to close in the second quarter.

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