Laureate Education: Up as board approves partial liquidation plan

Laureate Education

15/09/2021 22:50

** Shares of educational institutions operator  LAUR.O  up
8.2% in extended trade
    ** Says board approves plan of partial liquidation in
connection with previously disclosed sale of Walden e-Learning
LLC 
    ** Gross proceeds from sale to be distributed to
stockholders before 2022-end
    ** In spite of the plan, co expects to continue operating as
a going concern and a publicly traded company
    ** Board also approves special cash distribution of
$7.01/share to shareholders of class A and class B common stock;
amount expected to be ~$1.29 bln in total
    ** Stock up 16.4% YTD

 (Reporting by Sanjana Shivdas in Bengaluru)
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