* Corinthian Colleges (Nasdaq: COCO) announced that it has signed a definitive agreement with Zenith Education Group, Inc. (Zenith), an affiliate of ECMC Group, Inc. (ECMC Group) under which Zenith will acquire 56 Everest and WyoTech campuses in 17 states as well as online programs. Under the agreement Zenith will also acquire 12 schools that are currently being taught out and closed, and will continue the teach-out process until complete. In total, the schools being purchased represent all of Corinthian’s U.S.-based Everest and WyoTech campuses located outside of California, serving more than 39,000 students.
