PHOENIX--(BUSINESS WIRE)--Jan. 3, 2017--
Apollo Education Group, Inc. (NASDAQ: APOL) announced today that it will
report its fiscal 2017 first quarter results after market on Monday,
January 9, 2017.
On February 7, 2016, the Company entered into a merger agreement with AP
VIII Queso Holdings, L.P., an affiliate of Apollo Management VIII, L.P.,
which is a fund managed by an affiliate of Apollo Global Management,
LLC, none of which is affiliated with the Company. At the effective time
of the merger, each share of the Company's issued and outstanding
Class A and Class B common stock will be converted into the right to
receive $10.00 per share in cash. The transaction is subject to
financial, operational and customary closing conditions. It is also
subject to foreign and domestic regulatory conditions and approvals,
including by the U.S. Department of Education, the Higher Learning
Commission, and state regulatory and programmatic accreditation bodies.
For more information, see the Company's supplement to definitive proxy
statement filed with the Securities and Exchange Commission on May 2,
2016 and definitive proxy statement filed with the Securities and
Exchange Commission on March 23, 2016, the Company’s annual report on
Form 10-K filed on October 20, 2016, and the Company’s Form 8-K filings
on December 8, 2016 and December 21, 2016, available on the SEC’s
website, www.sec.gov,
and Apollo Education Group website, www.apollo.edu/transaction.
In light of the pending merger, the Company will not be hosting an
investor conference call following the issuance of its fiscal 2017 first
quarter earnings press release.
About Apollo Education Group, Inc.
Apollo Education Group, Inc. is one of the world’s largest private
education providers, serving students since 1973. Through its
subsidiaries, Apollo Education Group offers undergraduate, graduate,
professional development and other nondegree educational programs and
services, online and on-campus principally to working learners. Its
educational programs and services are offered throughout the United
States and in Europe, Australia, Latin America, Africa and Asia, as well
as online throughout the world.
For more information about Apollo Education Group, Inc. and its
subsidiaries, call (800) 990-APOL or visit the Company’s website at www.apollo.edu.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170103006309/en/
Source: Apollo Education Group, Inc.
Apollo Education Group, Inc.
Investor Relations:
Beth
Coronelli, 312-660-2059
beth.coronelli@apollo.edu
or
Media:
Media
Relations Hotline, 602-254-0086
media@apollo.edu
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