Need explanation The restructuring of the acquired schools will take place over the 3 months following the closing of the asset purchase. During this interim period, CIBT will assume the teach-out responsibilities of the students at these schools. At the same time, management expects to consolidate and integrate the human resources, technology, administrative support, and executive management with CIBT subsidiary schools with a view to generating accretive values and adding synergies that will generate efficiencies, sustainable organic growth and value for shareholders.
Read more at https://www.stockhouse.com/news/press-releases/2017/03/16/cibt-subsidiary-acquires-assets-of-kgic-inc-formerly-loyalist-group-ltd#G8DOAAykIehU3zIk.99