secwatch.observer — SEC 8-K summary
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Issuer:     LAUREATE EDUCATION, INC. (LAUR)
CIK:        0000912766
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001628280-21-014532
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laureate and Adtalem amend Walden University sale; waive termination rights over DOE letter
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- U.S. DOE notification dated June 23, 2021 to Walden University deemed a DOE Preacquisition Response under amended agreement.
- Both parties waive termination rights under Sections 7.01(b)(iii) and 7.01(c)(ii) related to the DOE notification.
- Laureate provides additional indemnification to Adtalem with new caps: $11.1M for certain losses and $5.55M deductible.
- Sale of Walden University to Adtalem remains on track; other deal terms and conditions unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912766/000162828021014532/0001628280-21-014532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912766/000162828021014532/laur-20210727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-014532

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer