Learning Tree International Board of Directors Retains Independent Financial Advisor
Learning Tree International, (NASDAQ: LTRE) today announced that the Special Committee of the Board of Directors of Learning Tree (the “Special Committee”) has retained Robert W. Baird & Co. Incorporated as its independent financial advisor.
As previously announced, Learning Tree has received from David C. Collins, the Chairman of the Board and Chief Executive Officer of Learning Tree, and his wife, Mary C. Collins, a proposal to acquire all of the outstanding shares of Learning Tree that they and their affiliates do not already own, as well as additional indications of interest regarding an acquisition of Learning Tree.
The Special Committee cautions Learning Tree's stockholders and others considering trading in its securities that no decisions have been made by the Board of Directors or the Special Committee with respect to any of the foregoing. There can be no assurance that any definitive offer will be accepted, that any agreement will be executed or that any transaction will be consummated.
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