- 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.