
CognaâŊEducaçÃĢoâŊS.A. Extends Tender Offer for Vasta Platform Shares
âĒBy ADMIN
Related Stocks:COGN3
Brazilâbased education company Cogna EducaçÃĢo S.A. (B3:âŊCOGN3) has announced a further extension of its allâcash tender offer to purchase all outstanding ClassâŊA common shares of Vasta Platform Limited (Nasdaq:âŊVSTA) for USâŊ$5.00 per share. The original offer, launched SeptemberâŊ17âŊ2025 and previously amended, had been set to expire at 5:00âŊp.m.âŊEDT on OctoberâŊ28âŊ2025. Its new expiration date is now 5:00âŊp.m.âŊEDT on DecemberâŊ10âŊ2025, unless further extended or terminated earlier.
The extension is designed to allow more time for the U.S. Securities and Exchange Commission (SEC) to complete its review of the tenderâoffer documents, a process affected recently by the U.S. government shutdown. Shareholders of Vasta who already tendered do not need to reâtender or take any action in light of the extension. As of 5:00âŊp.m.âŊEDT on OctoberâŊ28, 2025, 15,379,240 shares â representing approximately 96.3âŊ% of Vastaâs outstanding ClassâŊA common shares â had been validly tendered and not withdrawn.
Completion of the transaction remains subject to the satisfaction or waiver of all offer conditions described in the amended Offer to Purchase and related ScheduleâŊTO filing with the SEC. Shareholders are advised to review the full tenderâoffer materials and consult the SECâs website for free copies of the filings.
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