Edison Schools Shareholders Approve Merger to Take Company Private

Wednesday, November 12, 2003
With approximately 45.2 million votes cast in favor of the merger and 9.7 million votes cast against, over 80 percent of all votes cast supported the merger to take the company private. Approximately 14 million votes were not cast. The final percentage of outstanding votes cast in favor of the merger was 65.7 percent.

"Today's vote is an important step in an exciting new chapter in Edison's history," said Mr. Whittle. "As we return to being a private company, Edison's mission--to help our partners pro vide a world-class education to every child we serve--remains unchanged. We will continue to partner with school districts, charter boards, public school teachers, and community organizations to raise student achievement through schools and programs."

Whittle added, "We look forward to focusing our energy and resources on helping our partners, students, and schools to achieve even greater academic excellence."




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