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Bright Scholar Enters into Definitive Agreement for Going-Private Transaction
Prnewswire· 2025-10-13 10:30
Core Viewpoint - Bright Scholar Education Holdings Limited has announced a merger agreement with Excellence Education Investment Limited, which will result in Bright Scholar becoming a wholly owned subsidiary of the parent company [1][5]. Merger Details - The merger will involve the cancellation of each American depository share (ADS) for a cash payment of US$2.30 per ADS, and each share of the company will be cancelled for US$0.575 per share, excluding certain shares [2]. - The merger consideration represents a premium of approximately 47.4% to the closing price of the ADSs on May 23, 2025, and premiums of approximately 39.4% and 35.9% to the volume-weighted average closing prices over the last 30 and 60 trading days, respectively [3]. Funding Structure - The merger will be funded through a combination of cash contributions from Wisdom Avenue Global Limited and Waterflower Investment Ltd., equity rollover by Sure Brilliant Global Limited, and a transfer of shares by Ultimate Wise Group Limited to Merger Sub for nominal value [4]. Board Approval - The merger agreement has been approved by the board of directors of Bright Scholar, following a unanimous recommendation from a special committee of independent directors [5]. Closing Timeline - The merger is expected to close in 2025, subject to customary closing conditions, and will result in Bright Scholar becoming a privately held company with its ADSs no longer listed on The New York Stock Exchange [6]. Legal and Advisory Support - Kroll, LLC is serving as the financial advisor to the special committee, while various law firms are providing legal counsel to both the company and the buyer group [7].
Bright Scholar Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee
Prnewswire· 2025-06-20 09:00
Core Viewpoint - Bright Scholar Education Holdings Limited has formed a Special Committee to evaluate a preliminary non-binding proposal and has engaged Kroll, LLC and Gibson, Dunn & Crutcher LLP for financial and legal advisory services respectively [1][2]. Group 1: Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students worldwide, equipping them with essential academic foundations and skillsets for higher education success [3]. Group 2: Proposal Evaluation - The Special Committee is actively reviewing the proposal, but the Board has cautioned shareholders that no decisions have been made yet regarding the proposal [2]. - There is no assurance that a definitive offer will be received or that any agreement related to the proposal will be executed or approved [2].
Bright Scholar Announces Formation of Special Committee
Prnewswire· 2025-06-04 10:30
Core Viewpoint - Bright Scholar Education Holdings Limited has formed a special committee to evaluate a preliminary non-binding proposal received on May 26, 2025 [1][2]. Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students worldwide, equipping them with essential academic foundations and skillsets for higher education success [3].
Bright Scholar Schedules Unaudited Financial Results for the Second Quarter of Fiscal 2025 Ended February 28, 2025
Prnewswire· 2025-04-24 09:00
Core Viewpoint - Bright Scholar Education Holdings Limited will release its unaudited financial results for the second quarter of fiscal 2025 on April 28, 2025, before the US market opens [1]. Financial Results Announcement - The financial results will cover the period ended February 28, 2025 [1]. - An earnings conference call is scheduled for April 28, 2025, at 7:00 a.m. U.S. Eastern Time [2]. - Dial-in details for the conference call are provided for various regions, including Mainland China, Hong Kong, the United States, and international participants [2]. Conference Call Details - Participants are advised to join the call at least 5 minutes prior to the start time [2]. - A live and archived webcast of the conference call will be available on the company's investor relations website [2]. Replay Information - A replay of the conference call will be accessible until May 5, 2025, with specific telephone numbers and a replay passcode provided [3]. Company Overview - Bright Scholar is described as a global premier education service group, focusing on providing quality international education to students worldwide [3]. - The company aims to equip students with the necessary academic foundation and skillsets for higher education success [3].