NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Milberg LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Apollo Education
Group, Inc. ("APOL") in connection with the proposed acquisition of
Apollo Education by a consortium led by private investment firm The
Vistria Group.
On February 8, 2016, Apollo
Education announced that it had signed a definitive agreement to be
acquired and taken private. Under the terms of the agreement,
Apollo Education shareholders will receive $9.50 per share in cash for all Class A and B
shares of stock owned. However, Apollo Education stock has
traded at well above the proposed offer price when it reached
$28.51 per share on February 24, 2015 and has traded above the
proposed offer price as recently as October
8, 2015, when it traded at $12.36 per share.
Milberg LLP's investigation focuses on the potential unfairness
of the consideration being provided to Apollo Education's
stockholders and the process by which Apollo Education's Board of
Directors considered and approved the proposed deal.
Concerned investors are invited to contact the Milberg attorneys
listed below to discuss the investigation, their rights, or
potential remedies.
Founded in 1965, Milberg LLP was one of the first law firms to
prosecute class actions in federal courts on behalf of investors
and consumers and has been representing investors and
consumers for more than four decades. Milberg LLP is widely
recognized as a leader in defending the rights of victims of
corporate and other large-scale wrongdoing, serving as lead counsel
in federal and state courts throughout the United States. For
more information, please visit the firm website at
www.milberg.com.
Contacts:
Milberg LLP
Todd Kammerman
tkammerman@milberg.com
Joshua Keller
jkeller@milberg.com
(212) 594-5300
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SOURCE Milberg LLP