Learning Tree International, Inc. (NASDAQ: LTRE), a United States-based training company, is seeking a potential buyer.
The provider of training courses to information technology and business professionals, following the decision of a special committee of its independent directors, was put up for sale.
The company highlighted that its principal shareholders would be satisfied with “diversification and liquidity to accommodate their charitable interests."
Though there is no official information about the would-be cost, Learning Tree has a market capitalization of about $297.4 million.
Founded in 1974, the company claims to have trained over 1,700,000 course participants from over 13,000 organizations around the world (June 2007).
Learning Tree International delivers its training courses at its wholly owned Education Centers in major cities worldwide, as well as on-site at customer locations.
More than 3,500 people were detained during unprecedented mass protests that swept across all of Russia in support of Alexey Navalny on January 23