October 27, 2020 |
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
Brazilian private education company presents a revised offer that includes $712 mln in credit commitments