NEW YORK, Feb. 9, 2016
/PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the
Board of Directors of Apollo Education Group, Inc. ("Apollo" or the
"Company") (NASDAQ: APOL) has breached its fiduciary duty to its
shareholders in connection with the proposed acquisition of Apollo
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.
The investigation is focused on whether this offer undervalues
the Company's shares.
If interested in discussing your rights as a Apollo shareholder,
and/or have information relating to the matter, please
contact Joseph R. Seidman, Jr. at (877) 779-1414
or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of
securities, consumer and shareholder rights cases and
recovered over $3.5 billion for
its clients. The National Law Journal has
recognized Bernstein Liebhard for twelve consecutive years as one
of the top plaintiffs' firms in the country.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2016 Bernstein Liebhard LLP. The
law firm responsible for this advertisement is Bernstein Liebhard
LLP, 10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for
this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com
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