Edison Schools Inc. Prices Public Offering Wednesday, March 21, 2001 Edison announced that it has completed a public offering of 6,700,000 shares of its Class A Common Stock, including 3,168,974 shares sold by selling stockholders, at a price to the public of $24.56 per share. The selling stockholders have granted the underwriters an option to purchase up to an additional 1,005,000 shares to cover over-allotments. The net proceeds to Edison, estimated to be $81.2 million, will be used for general corporate purposes. Merrill Lynch & Co., Credit Suisse First Boston, Banc of America Securities LLC, J.P. Morgan & Co., Gerard Klauer Mattison & Co., and ThinkEquity Partners acted as managers for the offering.
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