|
|
Article: Career Education Corporation Signs a Definitive Merger Agreement To Acquire California Culinary Academy.
- Article from:
- Business Wire
- Article date:
- December 7, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--Dec. 7, 1999--
Career Education Corporation (NASDAQ:CECO) and California Culinary Academy, Inc. (NASDAQ:COOK) today announced the signing of a definitive merger agreement under which Career Education Corporation would acquire all the shares of California Culinary Academy for $5.25 per share in cash. Holders of approximately 41% of the outstanding shares of California Culinary Academy have agreed to vote in favor of the merger. Completion of the acquisition is subject to a number of conditions, including regulatory and CCA shareholder approvals.
"With the addition of California Culinary Academy, Career Education ...