Sachem Head to Push For Sale of Education Company 2U [Yahoo! Finance News]
2U, Inc. (TWOU)
Last 2u, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance News
Sachem Head to Push For Sale of Education Company 2U ) -- Activist investor Sachem Head Capital Management LP has built a position in education software provider 2U Inc. and plans to push the company to explore strategic alternatives, including a sale, according to people familiar with the matter. The New York hedge fund, run by Scott Ferguson, is now one of the 2U’s top shareholders, the people said, asking not to be identified because the matter is private. The exact size of Sachem Head’s stake could not be learned. 2U rose as much as 15% in New York trading Monday, its biggest gain since 2016, according to data compiled by . The stock was up 11% to $20.65 at 10:15 a.m., giving the company a market value of about $1.3 billion. The activist believes the company, which helps universities launch online masters degree programs, would be an attractive takeover target for private equity firms or other education technology companies, the people said. A representative for Sachem Head declin
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TWOU
News
- 2U, Inc. (NASDAQ: TWOU) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 2U, Inc. Announces Date for 2024 First Quarter Earnings ReportPR Newswire
- 2U, Inc. (NASDAQ: TWOU) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 2U, Inc. (NASDAQ: TWOU) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 2U, Inc. (NASDAQ: TWOU) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
TWOU
Earnings
- 2/12/24 - Miss
TWOU
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- TWOU's page on the SEC website