SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Apollo Education Group, Inc. & Encourage...
February 09 2016 - 5:15PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that it is investigating
potential legal claims against the board of directors of Apollo
Education Group, Inc. (“Apollo Education” or the “Company”)
(NASDAQ: 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; and Najafi Companies (collectively, the
“Consortium”).
Under the terms of the agreement, shareholders of Apollo
Education will receive $9.50 in cash for each share of Apollo
Education common stock they own. The firm’s investigation seeks to
determine, among other things, whether the Company’s Board of
Directors failed to satisfy their duties to shareholders, including
whether the Board adequately pursued alternatives to the
acquisition and whether the Board obtained the best price possible
for the Company’s shares of common stock. According to Yahoo!
Finance, at least one analyst has issued a price target for Apollo
Education stock at $10.00 per share.
If you currently own the common stock of Apollo Education and
believe that the proposed buyout price is too low, or you would
like to learn more about the investigation being conducted by
Brower Piven, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160209006813/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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