June 7 (Reuters) - Onex Corp ( ONEXF ):

* POWERSCHOOL TO BE ACQUIRED BY BAIN CAPITAL IN $5.6 BILLION

TRANSACTION

* POWERSCHOOL HOLDINGS INC ( PWSC ): POWERSCHOOL STOCKHOLDERS WILL

RECEIVE

$22.80 PER SHARE IN CASH

* POWERSCHOOL HOLDINGS INC ( PWSC ): VISTA EQUITY PARTNERS AND ONEX

PARTNERS WILL CONTINUE TO HAVE MINORITY INVESTMENTS IN

POWERSCHOOL

* POWERSCHOOL ( PWSC ): POWERSCHOOL WILL REMAIN A STANDALONE CO, AND

ITS

BUSINESS OPERATIONS AND CUSTOMER SERVICE WILL CONTINUE WITHOUT

INTERRUPTION

* POWERSCHOOL HOLDINGS INC ( PWSC ) - UPON COMPLETION OF TRANSACTION,

POWERSCHOOL'S ( PWSC ) COMMON STOCK WILL NO LONGER BE PUBLICLY LISTED ON

NEW YORK STOCK EXCHANGE

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