NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Apollo Education Group, Inc. ("Apollo" or the
"Company") (NASDAQ: APOL) concerning the proposed acquisition of
the Company by a group of buyers including The Vistria Group, funds
affiliated with Apollo Global Management, and Najafi Cos.
(collectively, the "Private Equity Buyers").
Under the terms of the offer, Private Equity Buyers would
acquire Apollo in a transaction valued at approximately
$1.1 billion. Pursuant to the
deal, Apollo stockholders would receive $9.50 in cash per share of owned. According
to Yahoo Finance, at least one analyst has set a price target for
Apollo stock of $10 per share.
As recently as May 2015, Apollo stock
traded above $28 per share, and as
recently as October 2015 it closed
above the offer price.
Our investigation concerns whether the Cascade board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
stockholders.
If you own Apollo shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP