October 27, 2000
Sylvan Learning Systems Sells Money-Losing Division That Teaches English
Sylvan Learning Systems this month sold Aspect, a money-losing division that offers English-language training to students of college and pre-college age. The sale, for $22-million, was to an unidentified management group.
Sylvan bought Aspect in 1998 for about $65-million. The company tried to unite Aspect's operations with those of another English-training program, called the Wall Street Institute, that Sylvan has owned since 1996. It turned out, however,
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