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Last Trade
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Last Trade:
$10.00
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Change:
-0.54 (-5.12%)
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Trade Time:
04:00 PM EST
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Market Cap:
$1.15B
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Description of Business
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Our Continuing Operations include Mexico and Peru. Unless otherwise indicated,
the information in or incorporated by reference into this Form 10-K, including
our segment information, relates only to our Continuing Operations.
Strategic Developments
On January 27, 2020, we announced that our board of directors had authorized the
Company to explore strategic alternatives for each of its businesses to unlock
shareholder value. During 2020, we made significant progress on this initiative.
Laureate completed the sales of its operations in Chile, Malaysia, and Australia
& New Zealand and signed definitive agreements to sell Walden University, its
higher education institution in the U.S., as well as its operations in Brazil
and Honduras. The Company expects to close the Brazil and Honduras transactions
during the first half of the year. The closing for the Walden transaction is
anticipated to occur in the second half of 2021.
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