STXNEWS LATAM-Brazil's Anhanguera rises as board approves takeover by Kroton

lunes 9 de junio de 2014 09:36 GYT

Anhanguera Educacional Participações SA stock rose 1.5 percent on Monday as its board of directors approved a share swap plan, a key to proceeding with a merger with rival Kroton Educacional SA. In recent weeks, Brazil's antitrust watchdog approved Kroton's $2.5 billion takeover of Anhanguera with several restrictions. Kroton shed 0.3 percent.