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Education Development International chief executive Nigel Snook has purchased another 5200 shares in the company.

He now has an interest in 3,114,437 shares in the company, representing approximately 5.4% of the total voting rights.

It may only be a very small purchase by ceo standard, but it shows how he views the sp at the moment.

After consoladating gains above 100p for the past few months, these are breaking up very strongly now, rising to 131p this morning. Looking very promising with a trading statement due withing the next few weeks. They normally release one at the end of September or early October.

recommended offer from Pearson 200p

Note from Liberum:
Pearson are offering a 61% premium to Fridays close for Education Development International, valuing the business at 113m.
PEARSON buys another vocational training business. They are offering a 61% premium to Fridays close for Education Development International (EDD LN) valuing the business at 113m.
EDI is a leading provider of education and training qualifications and assessment services, with a strong reputation for the use of information technology to administer learning programmes and deliver on-screen assessments.
Although the premium looks large it equates to PER 14x Sept 2011 but 3.3x EV/Sales.