Apollo Education Group, Inc.NASDAQ
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  • Mon, May 9, 7:11 AM
    • Shareholders at Apollo Education (NASDAQ:APOL) approve the merger agreement with a consortium of investors including Vistria Group, Apollo Global Management, and the Najafi Companies.
    • The deal was give the nod by more than 63% of shareholders.
    • The acquisition is expected to be completed by the end of this year.
    • Apollo closed at $8.95 on Friday vs. the $10 buyout offer.
    | Mon, May 9, 7:11 AM | 2 Comments
  • Fri, Apr. 15, 11:01 AM
    • Proxy firm Glass, Lewis & Co. recommends that shareholders of Apollo Education Group (APOL +2.3%) vote for the proposed acquisition of the company by a consortium led by The Vistria Group.
    • Apollo trades at $7.62 which is well-short of the $9.50 acquisition price from Vistria and gang.
    • Seeking Alpha contributor Chris DeMuth has a breakdown on how investors should view that discounted price.
    • Now read (or listen) to 30% Annual Return From This Stock
    | Fri, Apr. 15, 11:01 AM | 8 Comments
  • 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)
    | Mon, Jan. 11, 5:03 PM
  • 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
    | Dec. 17, 2013, 4:19 PM | 2 Comments
  • 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