STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that it is investigating potential legal claims
against the board of directors of Apollo Education Group, Inc. (“Apollo
Education” or the “Company”) (NASDAQ: APOL) regarding possible breaches
of fiduciary duties and other violations of law related to the Company’s
entry into an agreement to be acquired by a consortium of investors
including: The Vistria Group, LLC; funds affiliated with Apollo Global
Management, LLC; and Najafi Companies (collectively, the “Consortium”).
Under the terms of the agreement, shareholders of Apollo Education will
receive $9.50 in cash for each share of Apollo Education common stock
they own. The firm’s investigation seeks to determine, among other
things, whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the best
price possible for the Company’s shares of common stock. According to Yahoo!
Finance, at least one analyst has issued a price target for Apollo
Education stock at $10.00 per share.
If you currently own the common stock of Apollo Education and believe
that the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven, please
visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160209006813/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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