U.S. markets closed
  • S&P 500

    4,232.60
    +30.98 (+0.74%)
     
  • Dow 30

    34,777.76
    +229.23 (+0.66%)
     
  • Nasdaq

    13,752.24
    +119.39 (+0.88%)
     
  • Russell 2000

    2,271.63
    +30.21 (+1.35%)
     
  • Crude Oil

    64.82
    +0.11 (+0.17%)
     
  • Gold

    1,832.00
    +16.30 (+0.90%)
     
  • Silver

    27.57
    +0.09 (+0.32%)
     
  • EUR/USD

    1.2168
    +0.0100 (+0.83%)
     
  • 10-Yr Bond

    1.5770
    +0.0160 (+1.02%)
     
  • GBP/USD

    1.3990
    +0.0097 (+0.70%)
     
  • USD/JPY

    108.5820
    -0.5030 (-0.46%)
     
  • BTC-USD

    57,208.66
    +1,082.91 (+1.93%)
     
  • CMC Crypto 200

    1,477.42
    +41.64 (+2.90%)
     
  • FTSE 100

    7,129.71
    +53.54 (+0.76%)
     
  • Nikkei 225

    29,357.82
    +26.45 (+0.09%)
     
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Laureate Education gets superior bid from Anima Holding for Brazilian operations

·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Oct 21 (Reuters) - Laureate Education Inc said on Wednesday it received a superior all-cash bid for its Brazilian operations from education company Anima Holding SA, a month after it agreed to sell the business to Brazil's Ser Educacional.

Laureate said Anima's proposal was about 500 million reais ($89.47 million) higher than Ser's cash-and-stock offer, considering Ser's closing share price on Oct. 20.

Laureate said it intends to terminate its definitive agreement with Ser and enter into a binding agreement with Anima, adding that it would fight litigation by Ser which had previously agreed to acquire the business.

Laureate operates 11 higher education institutions in Brazil, collectively enrolling more than 267,000 students in technical, undergraduate and postgraduate programs.

($1 = 5.5887 reais) (Reporting by Sanjana Shivdas in Bengaluru; Editing by Ramakrishnan M.)