Learning Tree Off the Market

From the Associated Press

Learning Tree International of Reston said it has taken itself off the market because of the financial crisis that has made it difficult for potential buyers to get credit. Learning Tree, which provides training materials and courses for information technology, said in a statement that "current conditions on the financial markets" had led a committee of independent directors to discontinue soliciting offers. In May, Learning Tree said it would explore a possible sale of the company.

The company said it had $65 million in cash and cash equivalents at the end of the third quarter.

By Terri Rupar  |  October 14, 2008; 5:37 PM ET  | Category:  Economy Watch
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