Edison goes private.

Edison goes private. The nation's largest for-profit schools manager is buying back the company from shareholders and taking it private. Chris Whittle H. Christopher "Chris" Whittle is an American entrepreneur best known for founding Channel One News.Whittle was born on August 23, 1947 in Etowah, Tennessee. After graduating from the University of Tennessee with a major in American Studies he started the magazine , chief executive officer and founder of Edison Schools Edison Schools Inc. is a for-profit company that manages public schools in the United States and the United Kingdom. It was founded in 1992. HistoryEdison Schools was widely hailed at the beginning of the 21st century as the leader in what "school reformers" saw as the , will buy the schools firm for $174 million using a company he owns and Liberty Partners, a New York New York, state, United StatesNew York,Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of private equity firm, according to according toprep.1. As stated or indicated by; on the authority of: according to historians.2. In keeping with: according to instructions.3. Associated Press. Edison stock prices rose to $35 a share but were hovering at only $1.56 in July. The deal will pay Edison stockholders $1.76 a share. The sale, which needs stockholder approval, should he complete this fall. Edison Schools are in 20 states and have around 110,000 students in public and charter schools and summer school programs.