Laureate Education Inc., a Baltimore-based networking and education company for higher education, announced that a special formal meeting of shareholders will be held to approve the proposed acquisition of the company for about $3.8 billion.
The date of the meeting is yet to be released.
A group led by Douglas Becker, the chairman and chief executive officer of Laureate, has offered a plan that consists of purchasing the company for $60.50 per share.
As of Monday, shares of Laureate were trading at $59, unchanged for the day.
