Estacio Rises After Accepting Kroton’s Improved Takeover Offer

  • Takeover to create one of the world’s largest education groups
  • Deal still depends on approval from Brazil’s regulator

Estacio Participacoes SA extended a yearly rally after its board approved a takeover offer from Kroton Educacional SA that will create one of the biggest for-profit education companies in the world, with about 1.6 million students.

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