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Provider: Reuters Investment Profile
Provider: Pechala's Reports
Provider: Pechala's Reports

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Sibling Group Holdings Inc To Acquire Funutation Tekademy LLC

Thursday, 6 Dec 2012 12:06pm EST 

Sibling Group Holdings Inc announced a non-binding letter of intent to acquire Funutation Tekademy LLC. The Company announced it had signed a non-binding letter of intent to acquire Cleveland, Ohio based Funutation Tekademy LLC, which specializes in STEM (Science, Technology, Engineering and Math) training for children, generally in the 7 to 17 age range. Upon completion of the acquisition, Ted Jordan, the Founder of Funutation will be employed as the President of the subsidiary, and will assist in expansion of the current business, and in the evaluation and acquisition of other STEM related businesses under consideration by the Company. The transaction is subject to due diligence by both parties, and an audit of the books and records of Funutation, and is expected that the transaction could close within 60 days. 

Company Quote

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10:36am EST