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BRIEF-Adtalem Global Education Entered Into A Stock Purchase Agreement On Dec 4
December 4, 2017 / 10:36 PM / 12 days ago

BRIEF-Adtalem Global Education Entered Into A Stock Purchase Agreement On Dec 4

Dec 4 (Reuters) - Adtalem Global Education Inc:

* ADTALEM GLOBAL EDUCATION INC SAYS ON DECEMBER 4, 2017, CO ENTERED INTO A STOCK PURCHASE AGREEMENT

* ADTALEM GLOBAL EDUCATION - AGREEMENT INCLUDES EARN-OUT ENTITLING ADTALEM TO PAYMENTS UP TO $20 MILLION PAID OVER A 10 -YEAR PERIOD BASED ON UNIVERSITY‘S FREE CASH FLOW

* ADTALEM GLOBAL EDUCATION INC - ADTALEM HAS COMMITTED TO TRANSFERRING UNIVERSITY WITH A MINIMUM WORKING CAPITAL BALANCE OF $7.5 MILLION

* ADTALEM GLOBAL EDUCATION INC - ADTALEM AGREED TO SELL DEVRY UNIVERSITY TO COGSWELL EDUCATION, LLC

* ADTALEM GLOBAL EDUCATION - CO TO SELL OUTSTANDING EQUITY INTERESTS OF DEVRY UNIVERSITY AND DEVRY NEW YORK INC. TO BUYER FOR DE MINIMIS CONSIDERATION Source text for Eikon: Further company coverage:

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