Laureate Education Inc. to go private

After nearly a year of investigating their options, Laureate Education Inc., hopes to graduate to a full stock tender buyout in the coming days, officials say. Laureate, (NASDAQ: LAUR) accepted an increased offer of $3.82 billion from an investor group led by Chairman and Chief Executive Douglas L. Becker. The group planned to commence a tender offer by Friday, giving investors the option of a $1.50 premium over their previous offer.

Major shareholders, including T. Rowe Price Associates Inc., and Select Equity Group Inc. had bucked the original deal, asking independent board members to reconsider, according to a release