Not So Fast

The bidding group looking to buy Laureate Education (LAUR-NASDAQ)on the cheap has just upped their bid-by a measly $1.50 a share. Given the valuation discount this thing traded at prior to bid-because of the buyside's lack of confidence in management, and the strong revaluation of some names in the sector (DV, ESI), this still might not be enough. Nice try KKR and SAC...not to mention CEO Doug Becker, who failed to inspire Wall Street and is the reason for the valuation gap that you could drive a truck through 3-4 years ago. Reuters article

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