fatfrog
2021-09-16
Ohhh
Why Laureate Education's Stock Is Moving Higher In After-Hours Trading Today
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The company announced the special cash distribution as part of the plan.</p>\n<p>The distribution is scheduled to be paid on Oct. 29 to each holder of record of Laureate Education common stock as of Oct. 6.</p>\n<p>According to the press release, \"Gross proceeds from the sale include $74 million held in escrow and approximately $84 million of restricted cash related to collateralized regulatory obligations associated with activities of the divested business. 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