Despite Edison Schools' financial troubles, Philadelphia is considering giving the company an expanded role in district reorganization

Philadelphia's School Reform Commission is discussing a plan to expand the Edison company's role in overhauling the district, even as the firm's stock price has plummeted and it is scrambling to raise cash. In addition to directly managing 20 schools, Edison would install its "design and systems" in an additional 19 schools.

ALSO: Edison Schools, in the earnings report filed last week with the Securities and Exchange Commission, warns that it may not be able to obtain the additional $30 million to $50 million it needs to open new schools in the fall. The company says if its stock continues its downward spiral, it "may be delisted from the Nasdaq National Market."

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