Bright Scholar Signs Deal for Private Acquisition

Merger Agreement: Bright Scholar Education has entered into a merger agreement with Excellence Education Investment and Bright Education Mergersub, which will result in Bright Scholar becoming a wholly owned subsidiary of the parent company.

Financial Terms: The merger will see American depository shares (ADSs) cancelled in exchange for $2.30 in cash per ADS, while other shares will be cancelled for 57.5 cents each, representing significant premiums over recent trading prices.

Funding Sources: The merger will be financed through cash contributions from Wisdom Avenue Global and Waterflower Investment, along with equity rollover and share transfers from Sure Brilliant Global and Ultimate Wise Group.

Future Implications: If completed, the merger is expected to close in 2025, leading to Bright Scholar becoming a privately held company, with its ADSs delisted from The New York Stock Exchange.