What happened Shares of Laureate Education (NASDAQ: LAUR) were soaring 18% in morning trading Friday after Adtalem Global Education (NYSE: ATGE) announced it was acquiring Walden University from Laureate for almost $1.5 billion in cash. So what Walden is Laureate's for-profit online health-education provider focusing on doctoral, master's, bachelor's, and graduate certificate programs. It is one of the largest private colleges in terms of total enrollment. Image source: Getty Images. Laureate has sold off numerous assets in recent years, and Walden University will remain part of the Laureate International Universities network until the closing of the transaction, which isn't expected to occur until the end of 2021. Now what Adtalem was formerly DeVry University, a large for-profit institution, and today it runs a number of colleges including Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and the American University of the Caribbean School of Medicine. It has 6,700 employees with 26 campus locations. Adtalem's stock was trading 1.5% lower on the news. 10 stocks we like better than Laureate Education, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Laureate Education, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source