Laureate favors Ânima bid

Laureate favors Ânima bid

M&A Equity Brazil US

US private education group Laureate said Wednesday that it favors a "superior" all-cash offer to sell its Brazilian assets to Ânima Educação for BRL4.5 billion ($802 million) and will fight litigation launched by Ser Educacional to enforce a previous binding agreement. Ânima's proposal is around BRL500 million more than Ser's offer and includes an incremental earn-out worth BRL200 million and the payment of a BRL180 million termination fee to Ser, Laureate said in a securities filing. "Laureate

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