Shareholders shun Laureate buyout bid

Published June 12, 2007 4:00am ET



It?s just not enough.

Despite an increase of 2.5 percent in a proposed buyout of Laureate Education Inc., some shareholders are still not satisfied with the bottom line. Raising its offer by $1.50 to $62 per share from the initial bid, a group of investors had hoped to overcome objections that their original bid was undervalued.

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