- Laureate Education Inc (NASDAQ:LAUR) board of directors approved an increase in the existing share repurchase program from $600 million to $650 million.
- The company has repurchased about $530 million of shares under the authorization to date.
- Laureate expects to finance the additional $50 million of repurchases with cash-on-hand or from its revolving credit facility.
- The company expects to complete the repurchase program by the end of 2022.
- Laureate Education held $345.6 million in cash and equivalents as of December 31, 2021.
- Price Action: LAUR shares closed lower by 1.40% at $11.98 on Monday.
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