Why Shares of Laureate Education Jumped Today
Shares of Laureate Education (NASDAQ: LAUR) rose on Tuesday after the company announced that it would explore strategic alternatives for each of its businesses. The stock was up 15.8% at 1 p.m. EST.
Laureate, which operates 150 campuses with 850,000 students mainly in Latin America, will explore all possible options for unlocking shareholder value. This includes sales, spin-offs, and business combinations. The company is already exploring the sale of its businesses in Peru, Mexico, and Australia.
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Source Fool.com
