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Apollo Education gives shareholders more time to approve sale

  • Apollo Education Group (NASDAQ:APOL) discloses that it doesn't have enough votes on the books yet to approve the company's planned sale to a consortium of investors.
  • 58% of the Class A votes in so far are in favor of the deal.
  • A special shareholder meeting was adjourned until May 6 to give shareholders more time to vote.
  • Earlier this week, Apollo warned it could face "serious consequences" if the merger doesn't go through.

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APOL--
Apollo Education Group, Inc.