Brazil's Estacio says board will examine Kroton's new bid
BRASILIA, June 21 (Reuters) - Brazil's education firm Estácio Participações SA on Tuesday said its board will examine a new takeover bid put forward by rival Kroton Educacional SA.
Kroton's all-stock unsolicited bid for Estacio could be valued at around 5 billion reais ($1.47 billion), according to Thomson Reuters calculations. (Reporting by Silvio Cascione Editing by W Simon)
© Thomson Reuters 2016 All rights reserved.