November 29, 2002

Kaplan Abandons Plan to Buy Business School

By GOLDIE BLUMENSTYK

Kaplan Inc. announced last month that it would make a foray into graduate business education by acquiring the Arthur D. Little School of Management, in Boston. Now the for-profit education company has backed out of the deal.

Kaplan officials said their reversal was prompted by concerns about the "regulatory environment," but declined to elaborate.

According to sources, however, the deal soured when Kaplan learned that the Massachusetts Board of Higher Education would require the

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