The shareholders of Concorde Career Colleges, a publicly traded higher-education company, have formally approved a plan to take the company private. The deal, which shareholders endorsed on Thursday, involves a $114-.5-milllion buyout by a unit of Liberty Partners, a private-equity group based in New York City. Concorde, which is based in Mission, Kan., and operates 12 colleges in seven states, announced the acquisition in June (The Chronicle, June 23).
August 25, 2006
Stockholders Back Plan for Private Buyout of For-Profit Colleges
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