MIAMI, FLORIDA / ACCESS Newswire / December 15, 2025 / BEDU Acquisition Corp today announced that it has submitted an updated preliminary non-binding proposal to the Board of Directors of Bright Scholar Education Holdings Limited, a company traded on the New York Stock Exchange, to acquire all of the outstanding Class A ordinary shares and American Depositary Shares ("ADSs") not already owned by Ron Packard or his affiliates. The revised offer proposes a purchase price of $0.83 per ordinary share, or $3.32 per ADS, in cash.
The proposed transaction would result in a change of control and management. The revised offer represents a significant premium over the recent trading price of the company's ADSs and the offer previously submitted by the controlling shareholder for the remaining shares.
Mr. Packard stated that if granted access to even basic due diligence-access that has previously been denied by the Special Committee-there are scenarios in which the investor group would be prepared to increase the offer significantly beyond than $3.32. A prior Special Committee, convened two and half years ago, had arrived at a materially higher valuation. The current committee has not provided Mr. Packard with its valuation analysis, nor has it sought a bid from him for any of the company's assets.
The investor group further notes that the updated offer is nearly 50% higher than the current buyout proposal under consideration. The lack of access to diligence, combined with the controlling shareholder's unwillingness to accept a premium offer, raises concerns about whether minority shareholders are being adequately compensated. The controlling shareholder seems to believe that the value of the shares are significantly more than $3.20.
If completed, the company would be managed by Ron Packard, a seasoned education entrepreneur, CEO, and former director of Bright Scholar. The proposed transaction is intended to be funded with cash, backed by a leading global private equity firm that is familiar with the company's assets. The identity of this firm has been disclosed to the Special Committee.
This proposal remains non-binding and subject to customary conditions, including satisfactory due diligence, negotiation of definitive agreements, and, verification of assets in the company and the value of those assets.
For further inquiries, please contact:
Ronald Packard
Beduacqco@gmail.com
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the proposed transaction. These statements are subject to risks and uncertainties, and actual results may differ materially. No assurances can be given that any definitive agreement will be executed or that any transaction will be approved or consummated.
SOURCE: BEDU Acquisition Corp
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