NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Apollo Education Group Inc. (NASDAQ: APOL) ("Apollo Education" or the "Company") on behalf of its shareholders. Apollo Education announced it has entered into a definitive agreement to be acquired by a consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC, and Najafi Companies for $9.50 per share in cash for both Class A and B shares.
Our investigation has determined that the offer price of only $9.50 per share, unfairly under-values the true going forward inherent value of Apollo Education and that shareholders are not receiving the maximum value for their shares. Indeed, at least one analyst projects that the true going forward inherent value of the stock is worth at least $10 per share, the book value per share of the Company is worth over $10 per share, and the stock hit a high of $28.50 within the past year. The investigation further seeks to determine whether Apollo is entering into this deal for its own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of Apollo Education and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
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SOURCE Tripp Levy PLLC