Laureate Education (LAUR)
Select Equity Group said it has "significant reservations" about the management-led buyout of Laureate Education, citing the proposed $60.50-per-share price as "grossly inadequate." Laureate's board agreed to a $3.1 billion buyout led by founder and CEO Douglas L. Becker and backed by a private-equity consortium including Kohlberg Kravis Roberts, Citigroup Private Equity and hedge fund S.A.C. Capital Management. Select Equity Group owns 5,051,076 shares (9.82%).

Laureate Education (LAUR)
Laureate's No. 2 institutional shareholder, T. Rowe Price Associates, said the proposed management-led $60.50- a-share price is well below Laureate's long-term value. T. Rowe holds 4.2 million shares (8.1%).

3-2-2007
T. Rowe Price (Nasdaq: TROW), an 8.1% holder of Laureate Education (Nasdaq: LAUR), filed a 13D today opposing the recently proposed going private transaction.

NOTE: Recently Select Equity Group (7.1% holder) came out against the deal.

Laureate Education (LAUR)
Select Equity Group called the $65 a share being offered in a proposed management-led buyout of the company "grossly inadequate." Select Equity urged independent board members to reconsider the planned deal. Select Equity and affiliates collectively own about 3.67 million shares (7.14%).

Downgraded by Bear Stearns from Outperform to Peer Perform

Downgraded by Piper Jaffray from Outperform to Market Perform

Downgraded by Sun Trust Rbsn Humphrey from Buy to Neutral

Virtual monopoly on international for-profit education.

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