NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Apollo Education Group, Inc. ("Apollo" or the "Company") (NASDAQ: APOL) concerning the proposed acquisition of the Company by a group of buyers including The Vistria Group, funds affiliated with Apollo Global Management, and Najafi Cos. (collectively, the "Private Equity Buyers").
Under the terms of the offer, Private Equity Buyers would acquire Apollo in a transaction valued at approximately $1.1 billion. Pursuant to the deal, Apollo stockholders would receive $9.50 in cash per share of owned. According to Yahoo Finance, at least one analyst has set a price target for Apollo stock of $10 per share. As recently as May 2015, Apollo stock traded above $28 per share, and as recently as October 2015 it closed above the offer price.
Our investigation concerns whether the Cascade board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Apollo shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
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