Monday, 04 June 2007

Laureate accepts sweetened $3.82 bln takeover bid

(Reuters) - The higher bid represents a 3 percent premium to Laureate's Friday closing price of $60.11 on the Nasdaq. The shares rose to $61.48 in Monday morning trade.




The investor group, led by Laureate Chief Executive Douglas Becker, includes Kohlberg Kravis Roberts & Co., Citi Private Equity, S.A.C. Capital Management and others.


Read more at Reuters.com Mergers News

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