Thread regarding Adtalem layoffs

Adtalem acquires Walden University

https://www.marketwatch.com/press-release/laureate-education-to-sell-walden-university-to-adtalem-global-education-2020-09-11?tesla=y

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| 928 views | | 4 replies (last )
Post ID: @OP+16Uo86LW

4 replies (most recent on top)

Leveraged buyout. The parts of Walden are worth more than the whole. Look for them to piece it apart / strategically sell based on debt

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Post ID: @Jgmp+16Uo86LW

If you can’t succeed with DeVry, I guess the thinking is that, somehow, Walden will somehow be different. Despite Waldens dismal loan profile. And very likely, DeVos being gone. Trying the same thing but expecting a different outcome? Note ATGE’s recent stock price performance, -40%.

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Post ID: @bqdr+16Uo86LW

Walden was purchased for 1.48
BILLION. Where is adtalem getting that much money?

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Post ID: @7tcc+16Uo86LW

Key words: "cost savings"

"Adtalem said it expects the deal to add $60 million to free cash flow and 75 cents to earnings per share in year two after the closing of the deal, and to generate $60 million in annual cost savings."

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Post ID: @uis+16Uo86LW

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