APOLLO EDUCATION GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
February 08 2016 - 10:52AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Apollo
Education Group, Inc. (NASDAQ GS: APOL)?
- Did you purchase any of your shares
prior to February 8, 2016?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Apollo
Education Group, Inc. (“Apollo Education” or the “Company”) (NASDAQ
GS: APOL) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by a consortium of investors including The Vistria
Group, LLC, funds affiliated with Apollo Global Management, LLC
(NYSE: APO), and Najafi Companies (collectively, the “Consortium”),
in a transaction valued at approximately $1.1 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/apollo-education-group-inc-apol-buyout.
Under the terms of the agreement, shareholders of Apollo
Education will receive $9.50 in cash for each share of Apollo
Education common stock.
The investigation concerns whether Apollo Education board of
directors failed to adequately shop the Company and obtain the best
possible value for Apollo Education shareholders before entering
into an agreement with the Consortium. According to Yahoo! Finance,
at least one analyst has issued a price target for Apollo Education
stock at $10.00 per share.
If you own the common stock of Apollo Education and purchased
your shares before February 8, 2016, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Seth D. Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/apollo-education-group-inc-apol-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208005916/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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