Sylvan centers to buy canter & associates

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Sylvan Learning Centers Inc., provider of commercial educational services, said it would acquire closely held Canter & Associates Inc., the premier provider of training-and-development


programs for teachers. Baltimore-based Sylvan said the deal to purchase the Santa Monica-based Canter would close within a week. The price tag: $25 million in cash immediately, with


additional payments of cash and restricted Sylvan stock possible should Canter meet certain performance goals. Canter, the best-known brand name in the teacher-courseware business, had


revenues of about $20 million last year.