BRIEF-Laureate Education Says Currently Reviewing Impact Higher Education New Law Will Have On Chilean Operations [Reuters]
Laureate Education, Inc. (LAUR)
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Source: Reuters
BRIEF-Laureate Education Says Currently Reviewing Impact Higher Education New Law Will Have On Chilean Operations | Reuters Reuters Staff 1 Min Read Jan 31 (Reuters) - Laureate Education Inc: * LAUREATE EDUCATION SAYS IS CURRENTLY REVIEWING IMPACT HIGHER EDUCATION NEW LAW WILL HAVE ON ITS CHILEAN OPERATIONS - SEC FILING * LAUREATE EDUCATION - AS RESULT OF NEW LAW, CO EXPECTS IT WILL BE REQUIRED TO DECONSOLIDATE 3 CHILEAN NON-PROFIT UNIVERSITIES * LAUREATE EDUCATION - EXPECTS DECONSOLIDATION WILL RESULT IN 1-TIME WRITE-OFF OF CARRYING VALUE OF ASSETS OF BETWEEN ABOUT $600 MILLION AND $850 MILLION * LAUREATE EDUCATION INC - DECONSOLIDATION OF THREE CHILEAN NON-PROFIT UNIVERSITIES COULD HAPPEN AS EARLY AS Q1 OF 2018 * LAUREATE EDUCATION - ?EXPECTS DECONSOLIDATION TO RESULT IN DECREASE OF BETWEEN ABOUT $410 MILLION TO $430 MILLION IN REVENUES ON AN ANNUALIZED BASIS? Source text : ( bit.ly/2nuuOuz ) Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a comp
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- 2/27/24 - TheStreet
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