Cambium Learning Group Announces Purchase Of $4.9 Million In Company Shares From SPO Partners

Cambium Learning Group, Inc. ABCD announced today that on Friday, May 20, 2011, the Company entered into a stock purchase agreement with the investor group, SPO Partners. The transaction was settled the same day with the Company purchasing 1,643,507 shares for a total cost of $4.9 million or a purchase price per share equal to three dollars and zero cents ($3.00).