Bright Scholar Education Holdings Limited announced that its independent special committee has retained Kroll, LLC as its financial advisor. Additionally, Gibson, Dunn & Crutcher LLP has been appointed as the committee's U.S. legal counsel. These appointments are in connection with the committee's ongoing evaluation of the preliminary non-binding 'going private' proposal dated May 26, 2025.
The retention of independent advisors is a critical step to ensure that the special committee can conduct a thorough and unbiased review of the proposal. Kroll, LLC will provide financial expertise, while Gibson, Dunn & Crutcher LLP will offer legal guidance to the committee members, Mr. Jun Zhao and Mr. Meng Rui.
The Special Committee continues its review and evaluation of the proposal. The Board reiterated that no decisions have been made with respect to the proposal, and there is no assurance that any definitive offer or agreement will materialize.
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