RTTNews | Jan 24, 2022 10:05AM EST

10:05 Monday, January 24, 2022 (RTTNews.com) - Shares of workforce solutions provider Adtalem Global Education Inc. (ATGE) are rising more than 11% Monday morning after announcing the decision to sell its financial services segment in an all cash transaction valued at $1 billion.

Adtalem is selling its Association of Certified Anti-Money Laundering Specialists (ACAMS), Becker Professional Education and OnCourse Learning, to a consortium of Wendel Group and Colibri Group.

The deal is expected to close in the third quarter of fiscal year 2022.

ATGE is at $31 currently. It has traded in the range of $26.66- $43.85 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3256760/adtalem-global-education-rises-on-decision-to-sell-its-financial-services-division.aspx)

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