Mon, Jan. 11, 5:03 PM
- Apollo Education is now up 23%, bouncing off a 52-week low of $6.31, after Dow Jones' report that it was in "advanced talks" to be bought out by Apollo Global Management (NYSE:APO) for about $1B.
- A deal could be reached in the next few weeks, sources said. Apollo Education (NASDAQ:APOL) -- no relation to the private-equity firm -- said its board was in talks that could "potentially lead to a change of control of the company."
- It had been in talks with other P-E firms, but AGM is the last one reportedly standing. The company is controlled by its chairman, Peter Sperling, and a trust.
- Earlier, Apollo Education posted its third loss in four quarters, with EPS of -$0.56/share in GAAP terms. Excluding restructuring costs, its profit/share of $0.29 missed by $0.02.
- Shares are down 54% over the past six months and down 76.3% over the past year. They'd lost 16.8% of value already in 2016.
- Previously: More on Apollo Group's FQ1 (Jan. 11 2016)
- Previously: Apollo Education eyes strategic options (Jan. 11 2016)
- Previously: Apollo misses by $0.02, misses on revenue (Jan. 11 2016)
Dec. 17, 2013, 4:19 PM
- Apollo Education (APOL) agrees to buy a majority stake in Open Colleges Australia, and will purchase 70% of the common stock for about $98,5M, plus contingent payments of up to $47M. Apollo has an option for the remaining 30% of the company.
- The deal is expected to close in 2014 FQ2.
- Shares +0.2% AH
Aug. 2, 2011, 4:18 PM
Apollo Group (APOL) to acquire math curricula publisher Carnegie Learning for $75M, as well as buying related technology from Carnegie Mellon for $21.5M. Apollo expects to purchase to be $0.07-0.09 dilutive to earnings in F2012, but accretive over the long term. (PR)| Aug. 2, 2011, 4:18 PM