School Specialty, Inc. (Nasdaq
May 1, 2005School Specialty, Inc. (Nasdaq: SCHS), the leading education company providing supplemental learning products to the preK-12 market, today announced that it has signed a definitive agreement to be acquired by an affiliate of Bain Capital Partners, LLC (""Bain Capital""), a leading global private investment firm. The transaction is valued at approximately $1.5 billion, assuming conversion of School Specialty's convertible debt and including assumption of its nonconvertible debt equaling approximately $101 million.
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