Learning Tree considering sale of the company

By Lisa Kerner

Charlotte, N.C., May 28 - Learning Tree International, Inc. said a special committee of its independent directors will solicit offers to purchase the company.

RBC Capital Markets will assist in the process.

Learning Tree has not ruled out remaining a stand-alone company.

"In the past year we achieved significant improvements in profitability and revenue, further enhancing our already strong financial position," Learning Tree president and chief executive officer Nicholas R. Schacht stated in a company news release.

"We believe this is an appropriate time to solicit offers to determine if a sale is the best way to maximize shareholder value."

Schacht noted a sale would provide the company's two founders, currently Learning Tree's principal shareholders, with liquidity "to accommodate their charitable interests."

Learning Tree provides vendor-independent education and training to IT professionals and managers in business and government organizations. The company is based in Reston, Va.

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