Laureate accepts increased $62 a share offer

Mon Jun 4, 2007 8:48am EDT
 
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NEW YORK, June 4 (Reuters) - Laureate Education Inc. LAUR.O said on Monday that it has accepted an increased offer from the investor group that offered to buy the company in January.

The $62.00 per share tender offer represents a $1.50 per share increase over the original $60.50 per share price, for an increased aggregate value of $3.82 billion.

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.

 
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