Nobel Learning Communities, Inc./Leeds Equity Partners
On May 18, 2011, Nobel Learning Communities, Inc. (Nasdaq: NLCI), reported that it entered into an agreement to be acquired by Leeds Equity Partners in a transaction valued at approximately $149 million, including consideration paid to holders of outstanding options and warrants.
Under the terms of the definitive agreement, the Company's stockholders will receive $11.75 in cash for each share of Nobel Learning common stock held thereby.
J.P. Morgan Securities LLC acted as financial advisor to Nobel Learning and also provided a fairness opinion to the Board. Pepper Hamilton LLP acted as legal counsel to Nobel Learning in the transaction. Goodwin Procter LLP acted as legal counsel to Leeds Equity.
Closing is expected in Q411.
Under the terms of the definitive agreement, the Company's stockholders will receive $11.75 in cash for each share of Nobel Learning common stock held thereby.
J.P. Morgan Securities LLC acted as financial advisor to Nobel Learning and also provided a fairness opinion to the Board. Pepper Hamilton LLP acted as legal counsel to Nobel Learning in the transaction. Goodwin Procter LLP acted as legal counsel to Leeds Equity.
Closing is expected in Q411.
