RESTON, Va. (AP) — Learning Tree says it has created a special committee to evaluate a buyout offer from its CEO, as well as its other strategic options.

On Monday, Chairman and CEO David Collins and his wife, who currently hold a combined stake of roughly 31 percent in Learning Tree International Inc., disclosed in a filing with the Securities and Exchange Commission that they are offering $5.25 per share for the rest of the shares in the company.

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