STAMFORD, Conn.--(BUSINESS WIRE)--May 22, 2006--The Aristotle Corporation (NASDAQ: ARTL; ARTLP) announced today that it has received a proposal from Geneve Corporation, the holder of approximately 93% of Aristotle’s Common Stock and 100% of Aristotle’s Series J Preferred Stock, to acquire in a merger transaction (i) the balance of the outstanding shares of Aristotle’s Common Stock for a cash purchase price of $8.06 per share and (ii) all of the outstanding shares of Aristotle’s Series I Preferred Stock for a cash price of $8.25 per share plus accrued and unpaid dividends to the closing date. All shares of Common Stock and Series I Preferred Stock issuable under outstanding employee stock options would also be acquired on the same basis, less the option exercise price. Geneve has requested that the Board of Directors of Aristotle establish a special committee comprised of Aristotle’s four independent directors to consider Geneve’s proposal.
