TAL Education Group stock price

TAL Education Group latest news:

  • 08/29/2017 06:10:17

    The Advisory Board Co. to sell health care and education businesses for about $2.58 billion

    The Advisory Board Company said Tuesday it has entered agreements to sell its health care business to health services company Optum, and its education business to private-equity firm Vista Equity Partners, in a deal with a total value of $2.58 billion. Vista will acquire the education business, including Royall & Company, for $1.55 billion, in a deal expected to close by year-end or early 2018. Optum will merge with the health care business for $1.3 billion, including debt, in a deal also expected to close by year-end or early 2018. The Advisory Board Co. shares were halted for the news, but have gained 50% in 2017, while the S&P 500 has gained 9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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