Laureate Education Acquires Remaining Interest in Universidad Europea De Madrid.BALTIMORE -- Laureate Education, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LAUR), today announced the acquisition of the remaining interest in Universidad Europea de Madrid ("UEM UEM Universidade Estadual de Maringa (State University of Maringa, Brazil) UEM Universidade Eduardo Mondlane (Maputo, Mozambique) UEM Unione Economica e Monetaria "). Laureate Education acquired the remaining 22.3% of UEM from the minority shareholders in exchange for $29 million Euros ($38.5 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) and a parcel of non-adjacent land owned but not used by the University. Universidad Europea de Madrid became Laureate Education's first campus-based university in April 1999, when the Company acquired its initial controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in the University. Since becoming a member of Laureate International Universities, UEM has expanded its program offerings, increased student enrollment by over 26%, and served as a destination university for nearly 1,000 study abroad students from Laureate's international network of universities. UEM's accomplishments also include becoming the first completely wireless campus in Europe and the creation of new graduate programs for working adults through a new downtown campus in Madrid. Recently, UEM launched a combined study program with Laureate's Universidad del Valle The term Universidad del Valle could refer to the following:
This transaction, coupled with the previously announced acquisitions in Peru and France, is expected to replace all of the interest income previously contemplated in the Company's 2005 guidance related to the $55 million note receivable note receivable A debt due from borrowers and evidenced by a written promise of payment. Note receivable, an entry on the asset side of many corporate balance sheets, indicates the dollar amount of loans due to be repaid by borrowers. from Education, Inc. that was repaid earlier this year. Laureate Education reiterates both its 2004 guidance of $1.31 to $1.33 ($1.24 to $1.26 excluding the one time net gain from the repayment of the aforementioned note receivable) and its 2005 guidance of $1.60 to $1.65 per diluted share. Signal Hill Capital (www.signalhillcapital.com), a boutique investment bank providing clients with objective strategic advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , acted as financial advisor to Laureate Education, Inc on this transaction. About Universidad Europea de Madrid Located in Villaviciosa in Odon, a part of Madrid, Universidad Europea de Madrid first opened its doors to students in 1995, and today ranks as one of the largest private universities in Spain A list of universities in Spain, organized by the autonomous community they're located in: * Private university † Catholic university
recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. by an act of Spanish National Parliament, law 24/95, on July 17, 1995. About Laureate Education, Inc. Laureate Education Inc. (NASDAQ:LAUR) is focused exclusively on providing a superior university experience to nearly 155,000 students through the leading global network of accredited campus-based and online universities. Addressing the rapidly growing global demand for higher education, Laureate offers a broad range of career-oriented undergraduate and graduate programs through campus-based universities located in Latin America, Europe, and Asia. Through online universities, Laureate offers the growing population of non-traditional, working-adult students the convenience and flexibility of distance learning to pursue undergraduate, master's and doctorate degree programs in major career fields including engineering, education, business, and healthcare. Forward Looking Statements This release includes information that could constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such forward-looking statements may involve risk and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, the Company's actual results could differ materially from those described in the forward-looking statements. The following factors might cause such a difference: --The Company's operations can be materially affected by competition in its target markets and by overall market conditions, among other factors. --The Company's foreign operations, in particular, are subject to political, economic, legal, regulatory and currency-related risks. Additional information regarding these risk factors and uncertainties is detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, our most recent Forms 10-K and 10-Q, available for viewing on our website. (To access this information on our website, please click on "Investor Relations Investor relations The process by which the corporation communicates with its investors. ," "SEC Filings") |
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