Why Laureate Education Stock Is Soaring Today

Shares of Laureate Education (NASDAQ: LAUR) were soaring 18% in morning trading Friday after Adtalem Global Education (NYSE: ATGE) announced it was acquiring Walden University from Laureate for almost $1.5 billion in cash.

Walden is Laureate's for-profit online health-education provider focusing on doctoral, master's, bachelor's, and graduate certificate programs. It is one of the largest private colleges in terms of total enrollment.

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Source Fool.com