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Mill Road reiterates $5.80 per share offer for Learning Tree

Mill Road Capital, owner of 10% of Learning Tree's outstanding shares, disclosed that it sent a letter to the special committee of Learning Tree's board of directors, reiterating its offer from September 2012 to acquire all outstanding shares of the company that it does not own at price equal to $5.80 per share. The letter stated in part, "We are prepared and eager to work with you to execute a successful transaction. Due to our significant transaction experience, specifically with structures of this exact type, we are confident in our ability to execute any transaction expeditiously with minimal disruption to the operations of the business. We look forward to speaking with you soon."