Yduqs sweetens Laureate bid with financing

Yduqs sweetens Laureate bid with financing

Debt Equity Corporate & Sovereign Strategy Loans M&A Brazil Latin America US

Brazilian private education Yduqs said Monday that it presented a revised offer to acquire the local assets of US private education group Laureate, complete with a line of credit for up to BRL4 billion ($712 million) to finance the transaction. Yduqs said in a securities filing it would also pay the break clause fee if Laureate accepts its offer. Laureate said last week it favored a "superior" all-cash offer worth BRL4.5 billion from Ânima Educação and pledged to fight litigation launched by Ser

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