Oh well, at least we know what it has been sold for.
When you consider the gain on one and loss on the over, the company pretty much broke even on the deal (give or take a few mil).
Where to now?
They are effectively debt free once they (hopefully) receive their delayed consideration (although they should hopefully have the $20m less legals) still in the bank.
They will no doubt need to spend a bit of cash rebuilding the brands they have left.
Mr Market will make its own mind up on this deal, but I think they have achieved a fair result in the time frame given.
Ann: Sale of Endeavour Learning Group to Study Group, page-2
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