A seed was planted in early January when a consortium of investors led by Douglas Becker, the chairman and chief executive officer of Laureate Education Inc., offered to buy Laureate for $3.8 billion or $60.50 per share, launching a chain reaction that led to an impending acquisition.
On Feb. 25, two investors associated with Select Equity Group Inc., a New York-based investment advisor, filed a letter with the Securities and Exchange Commission claiming long-term flaws in the proposed buyout.
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