The members also recommended the educational service
provider engage a financial advisor to help evaluate potential
strategic transactions.The company, which is valued at about $96 million and
provides services to online degree programs of Chinese
universities, said its committee continues to investigate
potential buyers for the company.Committee members have had conversations with interested
potential acquirers, ChinaEDU said in filing with the Securities
and Exchange Commission on Friday.
* Shares up 10.8 percentNEW YORK, Oct 13 (Reuters) - Clearwire Corp
expects to report third-quarter revenue of about $332 million,
up 126 percent from a year earlier, on record subscriber
growth.The wireless service provider, which is majority owned by
Sprint Nextel , said on Thursday that it expected to
report net wholesale subscriber additions of 1.9 million for
the quarter, representing roughly 29 percent sequential
growth.The company, which needs to secure more funding to keep its
business operating, estimated its subscriber count at 9.5
million at the end of the quarter.Shares of Clearwire were up 10.8 percent at $1.44 in
trading before the market opened.
