Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, September 25, 2020

Article Excerpt

ADTALEM GLOBAL EDUCATION INC., $24.62, symbol ATGE on New York, provides career-focused, post-secondary education. The company operates through the following segments: Medical and Healthcare, and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare postsecondary education industry. The Financial Services segment includes test preparation, certifications, conferences, seminars, memberships, and subscriptions to business professionals in the areas of accounting, anti-money laundering, banking, and mortgage industries. Adtalem was founded by Dennis J. Keller and Ronald L. Taylor in 1973 and is headquartered in Chicago. On September 11, 2020, the company announced it would pay $1.48 billion in cash for Walden University, a leading online health education provider. The 50-year-old Walden University offers more than 80 degree programs, with over 350 specializations and concentrations. Adtalem is buying Walden from Laureate Education (symbol LAUR on Nasdaq). That company has chosen to exit the U.S. higher education market to focus on emerging markets. The Walden purchase gives the company 26 campuses in…