NEW YORK, Feb. 8, 2016
/PRNewswire/ -- Tripp Levy PLLC, a leading national securities and
shareholder rights law firm, announces that it is investigating the
potential sale of Apollo Education Group Inc. (NASDAQ: APOL)
("Apollo Education" or the "Company") on behalf of its
shareholders. Apollo Education announced it has entered into
a definitive agreement to be acquired by a consortium of investors
including The Vistria Group, LLC, funds affiliated with Apollo
Global Management, LLC, and Najafi Companies for $9.50 per share in cash for both Class A and B
shares.
Our investigation has determined that the offer price of only
$9.50 per share, unfairly
under-values the true going forward inherent value of Apollo
Education and that shareholders are not receiving the maximum value
for their shares. Indeed, at least one analyst projects that the
true going forward inherent value of the stock is worth at least
$10 per share, the book value per
share of the Company is worth over $10 per share, and the stock hit a high of
$28.50 within the past year. The
investigation further seeks to determine whether Apollo is entering
into this deal for its own self-interests to the detriment of the
Company's shareholders.
If you are a shareholder of Apollo Education and would like
additional information as to how the proposed acquisition may
affect your rights as a shareholder, and how you may be eligible to
obtain a higher price for your shares, please contact us at no cost
at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and has
assisted in the recovery of billions of dollars for shareholders in
securities actions around the globe.
Attorney advertising. Prior results do not indicate a
similar outcome.
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visit:http://www.prnewswire.com/news-releases/buyout-alert---national-securities-law-firm-seeks-higher-price-for-apollo-education-shareholders-in-connection-with-proposed-buyout-and-encourages-shareholders-to-contact-law-firm-for-more-information-300216477.html
SOURCE Tripp Levy PLLC