Laureate Shareholder Balks at Buyout

Select Equity Group, the third-largest institutional shareholder of Laureate Education Inc. (Nasdaq: LAUR), said in a letter that a proposed $3.8 billion buyout offer is “grossly inadequate” and is “flawed by clear conflicts of interest.” The former reference is to the $60.50 per share offer, while the latter is to the fact that Laureate chairman and CEO Douglas Becker is part of the buying consortium