Bright Scholar Completes Going Private Transaction

Bright Scholar Education Holdings Limited has completed its going-private transaction with Bright Education Mergersub Limited, a subsidiary of Excellence Education Investment Limited. Under the terms of the deal, each American depository share was exchanged for $2.30 in cash, while each Class A ordinary share was exchanged for $0.575 in cash. The company's 2017 and 2024 share incentive plans were terminated, and vested, outstanding, and unexercised options were cancelled in exchange for cash.