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What specifically was announced today and why is Bright Horizons going private?

April 26, 2017announced bright going Horizons private today

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What specifically was announced today and why is Bright Horizons going private?

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Today we announced that we have entered into a transaction with Bain Capital, a leading global private investment firm. Under the terms of the agreement, Bright Horizons shareholders will receive from an affiliate of Bain Capital $48.25 for each share they own. We believe that this change will allow us to pursue our long-term growth plans more effectively as a private company.