Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Anhanguera Drops Most in 11 Months on Share Sale Plan

Anhanguera Educacional Participacoes SA, a Brazilian administrator of private universities, fell the most in 11 months after announcing plans to sell as many as 20 million new voting shares.

Anhanguera shares fell 5 percent to 31.35 reais in Sao Paulo trading, the biggest decline since Nov. 4, 2009.

Anhanguera plans to convert each of its preferred shares into one voting stock. Shareholders, who will vote on the plan, will then be offered one voting share for each seven they already own, the company said in a regulatory filing today.

The Valinhos, Brazil-based company also said it plans to list its stock on the Novo Mercado section of the Sao Paulo exchange. Bank of America analysts, who estimated the sale at “roughly´´ 633 million reais ($381.6 million), said the proceeds should support future mergers and acquisitions deals.

“Anhanguera remains our preferred pick in Brazil education,” analysts Alexandre Pizano, Sara Gubins and Thomas Hupert wrote in a report e-mailed to clients today. They rate the stock “buy.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.