National American University Holdings, Inc. completed the acquisition of substantially all assets of Henley-Putnam University.
March 20, 2018
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National American University Holdings, Inc. (NasdaqGM:NAUH) entered into asset purchase agreement to acquire substantially all assets of Henley-Putnam University for $1.5 million on July 21, 2017. Under the terms of the transaction, National American University Holdings, Inc. will pay a cash payment of $1.5 million plus or minus a contingent obligation calculated principally based on Henley-Putnam’s working capital at the time of closing. The closing of the transaction is subject to customary closing conditions, as well as the receipt of necessary approvals from various regulatory and accrediting bodies, including the Higher Learning Commission. If the closing conditions are satisfied, the transaction is expected to close during the second quarter of 2018. As on September 28, 2017, the transaction is expected to close in early 2018.
National American University Holdings, Inc. (NasdaqGM:NAUH) completed the acquisition of substantially all assets of Henley-Putnam University on March 21, 2018.
National American University Holdings, Inc., through its wholly owned subsidiary, Dlorah, Inc., operates National American University (NAU). NAU is a regionally accredited, institution of higher learning offering associate, bachelor's, master's, and doctoral degree programs in technical and professional disciplines. NAU consists of a group of educators, which helps its students to achieve their educational goals to advance their career opportunities. The Company's courses are offered primarily through online instruction.
NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. 
