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Online Learning News and Research
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Thursday, March 13, 2003
Sylvan Learning to Focus on Private and Online Universities - Reuters
Sylvan Learning Systems Inc, an educational service firm, said on Monday it will divest its K-12 education operating units in a deal valued at up to $300 million as it moves to focus on post-secondary education. The company -- which forecast to raise 2003 post-secondary revenue by more than 19 percent this year from $378 million in 2002 -- said it will also disband its money-losing ventures arm by acquiring the remaining membership interest not already owned by Sylvan for 581,000 shares of its stock.
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