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Fly News Breaks for March 10, 2017
BPI
Mar 10, 2017 | 12:55 EDT
After Bridgepoint Education agreed to buy back about 18M shares from private equity investor Warburg Pincus for $150M Barrington analyst Alexander Paris said "the only surprise" from his perspective is that the deal came sooner than expected. Also, he believes the deal suggest company management and the board are comfortable with regulatory risk and the direction of the business. Paris keeps an Outperform rating and $14 price target on Bridgepoint shares.
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