Business Services Industry
Learning Care Group sold for $159M.(News)(A.B.C. Learning Centres Ltd.)(Brief Article)
Crain's Detroit Business, November, 2005 by Snavely, Brent
Byline: Brent Snavely Learning Care Group Inc. said Nov. 15 that it has agreed to be acquired by A.B.C. Learning Centres Ltd., Australia's largest provider of private child-care services, for $159.1 million. Learning Care Group (Nasdaq: LCGI) said its board of directors unanimously approved the sale.
The share price of the sale was set at $7.50. "Learning Care Group is excited to begin this next phase in its corporate growth, and this cash merger with A.B.C. will only add to the already-strong reputations of Childtime and Tutor Time,'' Bill Davis, CEO of Learning Care Group, said in a statement. Learning Care Group operates 460 corporate-owned and franchised centers throughout the U.S. and internationally under its Childtime Learning Centers and Tutor...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express