Shares of Brazilian education company Anima Holding SA experienced a record 33% slump on Wednesday. This significant drop followed the company's announcement of an agreement to repurchase a business it had divested five years prior.

Analysts have expressed considerable concern over the deal, citing the high valuation of the repurchased asset as a primary detractor. Furthermore, the transaction is expected to lead to an increase in leverage for Anima, raising financial risk concerns among investors.

The market's reaction underscores a lack of confidence in the strategic rationale and financial implications of this resurrected acquisition, leading to a sharp decline in the company's stock value.