Schulte Roth Guides Veritas Capital In Learning Biz Buy

Law360 (October 15, 2018, 7:49 PM EDT) -- New York-based private equity firm Veritas Capital said Monday that it has agreed to acquire Cambium Learning Group Inc. in a deal guided by Schulte Roth & Zabel LLP and Lowenstein Sandler LLP that values the educational technology solutions company at $685.2 million.

The terms of the deal call for Cambium common stock holders to receive $14.50 per share at the closing of the transaction. The deal has already been unanimously approved by the Cambium board of directors and is expected to close in the fourth quarter of 2018 or the first quarter of 2019.

“We are gratified to have such a positive...

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