NEW YORK, Sept. 29 /PRNewswire-FirstCall/ -- Edison Schools Inc.
(Nasdaq: EDSN) announced today that it has established October 7, 2003 as the
record date for determining stockholders entitled to notice of the special
meeting and to vote at the special meeting to be held to consider the proposal
to adopt and approve the Agreement and Plan of Merger, dated as of July 13,
2003, among Edison, Shakespeare Acquisition LLC and Shakespeare Acquisition
Corporation, and the merger of Shakespeare Acquisition Corporation with and
into Edison. The date and location of the special meeting have yet to be
determined, although Edison currently expects the meeting to be held in New
York City in early November.
ABOUT EDISON SCHOOLS
Founded in 1992, Edison partners with school districts and charter boards
to raise student achievement through its research-based school design, aligned
assessment systems, interactive professional development, integrated use of
technology and other proven program features. Edison students are achieving
annual academic gains well above national norms. Edison Schools now serves
more than 132,000 public school students in over 20 states through four
different business channels: (1) the management of schools for school
districts, (2) charter schools, (3) summer and after-school programs, and (4)
achievement management solutions for school systems. The Company operates
130 full-year schools and 200 summer schools.
Between 1992 and 1995 and in on-going efforts, Edison's team of leading
educators and scholars has conducted intensive research to develop its school
design and support systems. Edison opened its first four schools in August
1995, and has grown in every subsequent year. For more information, please
visit http://www.edisonschools.com.
Forward-Looking Statement
This document contains forward-looking statements that involve risks,
uncertainties and assumptions. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements. Risks, uncertainties and assumptions include the possibility that
the merger does occur or that prior to the closing of the proposed merger the
business of Edison suffers due to uncertainty; the market for the sale of
certain products and services may not develop as expected; or other risks that
are described from time to time in Edison's Securities and Exchange Commission
reports (including but not limited to Edison's annual report on Form 10-K for
the year ended June 30, 2002 and subsequently filed reports). If any of these
risks or uncertainties materializes or any of these assumptions proves
incorrect, results could differ materially from Edison's expectations in these
statements. Edison assumes no obligation and does not intend to update these
forward-looking statements. These forward-looking statements should not be
relied upon as representing Edison's estimates or views as of any date
subsequent to September 23, 2003.
Additional Information about the Merger and Where to Find It
On August 22, 2003, Edison filed a preliminary a proxy statement with the
SEC concerning the proposed merger of a Shakespeare Acquisition Corporation, a
wholly owned subsidiary of Shakespeare Acquisition LLC, with and into Edison.
INVESTORS ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT AND THE DEFINITIVE
PROXY STATEMENT (WHEN IT BECOMES AVAILABLE) AND ANY OTHER RELEVANT DOCUMENTS
FILED WITH THE SEC BECAUSE THEY CONTAIN, AND WILL CONTAIN, IMPORTANT
INFORMATION REGARDING EDISON AND THE MERGER. The definitive proxy statement
will be sent to the stockholders of Edison who are stockholders as of the
record date. You can obtain the documents filed, or to be filed, with the SEC
by Edison free of charge on the SEC's website at http://www.sec.gov or by requesting
them in writing from Edison Schools Inc. at 521 5th Avenue, 11th Floor, New
York, NY 10175, Attention: Investor Relations, or by telephone at
212-419-1600. Shakespeare Acquisition LLC has also filed documents with the
SEC relating to the merger. You may obtain documents filed, or to be filed,
by Shakespeare Acquisition LLC free of charge on the SEC's website or by
requesting them in writing from Shakespeare Acquisition LLC c/o Liberty
Partners, 1370 Avenue of the Americas, 34th Floor, New York, NY 10019,
Attention: Investor Relations, or by telephone at 212-541-7676.
Edison Schools Inc. and Shakespeare Acquisition LLC, and their respective
directors and executive officers, may be deemed to be participants in the
solicitation of proxies from the stockholders of Edison in connection with the
merger. Information about the directors and executive officers of Edison and
Shakespeare Acquisition LLC and their ownership of Edison stock is set forth
in the preliminary proxy statement and will be set forth in the definitive
proxy statement when it becomes available. Investors may obtain additional
information regarding the interests of such participants by reading the
preliminary proxy statement or the definitive proxy statement when it becomes
available.
SOURCE Edison Schools Inc.
 back to top
Related links:
http://www.edisonschools.com
CONTACT:
Adam Tucker, VP Communications of Edison
Schools Inc., +1-212-419-1602
|
