(Reuters) - NEW YORK, June 11 - An investment firm that owns nearly 10 percent of Laureate Education Inc. said on Monday that a sweetened $3.82 billion offer from an investor group including management, Kohlberg Kravis Roberts & Co. and hedge fund SAC Capital is too low.
The investment firm, Select Equity, said the revised offer values Laureate at a deeper discount to its peers than the original offer did in January because of rises in the peers' valuations and because Laureate beat its earnings expectations. Laureate's board had accepted the sweetened offer on June 4.
Read more at Reuters.com Mergers News
The investment firm, Select Equity, said the revised offer values Laureate at a deeper discount to its peers than the original offer did in January because of rises in the peers' valuations and because Laureate beat its earnings expectations. Laureate's board had accepted the sweetened offer on June 4.
Read more at Reuters.com Mergers News
No comments:
Post a Comment