Adtalem Global Education Inc

NYSE:ATGE   1:44:41 PM EDT
37.43
+0.15 (+0.40%)
Other Pre-Announcement, Mergers / Acquisitions

Adtalem To Acquire Walden University From Laureate Education, Creating A National Leader In Healthcare Education

Published: 09/11/2020 13:36 GMT
Adtalem Global Education Inc (ATGE) - Adtalem to Acquire Walden University From Laureate Education, Creating a National Leader in Healthcare Education.
Adtalem to Acquire Walden University From Laureate Education, Creating a National Leader in Healthcare Education.
Adtalem Global Education Inc- Deal for For $1.48 Billion in Cash.
Adtalem Global Education - Expected Contribution to Free Cash Flow From Deal Excluding Special Items of $60 Million in Year One.
Adtalem Global Education Inc - Expected Contribution From Deal to EPS Accretion From Continuing Operations Excluding Special Items of $0.75 in Year 2.
Adtalem Global Education - Expects Deal to Generate Between 10% & 12% Roic Beginning in Year 1, Significantly Exceeding Co's Current Wacc of About 8%.
Adtalem Global Education - Expects to Fund Cash Consideration Through Combination of Cash From Balance Sheet, Committed Debt Financing.
Adtalem Global Education- Expects to Generate Annual Cost Savings of About $60 Million.