Investing
Dissident Laureate Education (LAUR) Holder Select Equity Group Raises Stake to 9.82%
Published:
From 13D Tracker
In an amended 13D filing Friday on Laureate Education, Inc. (Nasdaq: LAUR), Select Equity Group disclosed a 9.82% stake (5.05 million shares) in the company. This is up from the 7.14% stake (3.7 million shares) the firm disclosed in the original February 13D filing.
In the original 13D filing, the firm disclosed a letter sent to the Board of Directors expressing their reservations about the management-led buyout transaction at $60.50 per share. The firm said the stock is worth "substantially more".
Another large Laureate Education, T. Rowe Price, has also come out against the deal.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
