Brief: Zovio Announces Letter Of Intent With Ashford University Nonprofit Entity To Convert And Separate Ashford From Zovio

Zovio

06/01/2020 22:54

Jan 6 (Reuters) - Zovio Inc  ZVO.O :
    * ZOVIO ANNOUNCES LETTER OF INTENT WITH ASHFORD UNIVERSITY
NONPROFIT ENTITY TO CONVERT AND SEPARATE ASHFORD FROM ZOVIO
    * ZOVIO INC -  LOI STATES CO, IN EXCHANGE FOR $1.00 AND
ENTRY INTO
A SERVICES AGREEMENT WOULD CAUSE ASHFORD TO SEPARATE FROM CO
    * ZOVIO INC - TRANSACTIONS WOULD RESULT IN ASHFORD BEING
INDEPENDENTLY OWNED AND OPERATED BY AU NFP

Source text for Eikon:  ID:nPn1H4VmGa 
Further company coverage:  ZVO.O 

 ((Reuters.Briefs@thomsonreuters.com;))