Thread regarding Corinthian Colleges Inc. layoffs

What kind of approvals might be needed for any campus sales or divestitures or anything like that?

": It really depends on how it works out and who the potential acquirers could possibly be. It can roll all the web to the Department of Education. It could go through the same kind of approach that any transaction might have. So there’s a wide range here. If we were just divesting or closing schools or just divesting individual schools, they have to get approved ultimately, the buyer has to get approved, but it’s a much simpler process than if we were selling the company as an example where you have to go through a whole process like we did back in days when people were acquiring. There’s a whole detailed process that you have to go through. It’s not a short term kind of quick turnaround operation."

Comment! It's anonymous!

2 replies (most recent on top)

There aren't going to be any campus sales. VA in CA pulled the plug. Il, MN and IA can't enroll. This trend will continue until there's nothing to buy.

Point?

Post a reply