An investigation for investors in NASDAQ:APOL shares was announced concerning whether the takeover of Apollo Education Group Inc for $9.50 per share is unfair.
Investors who purchased shares of Apollo Education Group Inc (NASDAQ:APOL) and currently hold any of those (NASDAQ:APOL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Apollo Education Group Inc breached their fiduciary duties owed to NASDAQ:APOL investors in connection with the proposed acquisition.
On February 8, 2016, Apollo Education Group Inc (NASDAQ:APOL) announced it has entered into an agreement to be acquired by a consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC (NYSE: APO), and Najafi Companies for 9.50 per share in cash for both Class A and B shares.
However, given that at least one analyst has set the high target price for NASDAQ:APOL shares at $10.00 per share and that NASDAQ:APOL shares traded in the open market as recently as early 2015 as high as $33.26 per share, the investigation concerns whether the offer is unfair to NASDAQ:APOL stockholders. More specifically, the investigation concerns whether the Apollo Education Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On February 19, 2016, NASDAQ:APOL shares closed at $8.68 per share.
Those who are current investors in NASDAQ:APOL shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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