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Apollo Education Group Announces Board to Explore Strategic Alternatives

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Apollo Education Group, Inc. (Nasdaq: APOL) announced today that the
Board of Directors has made the determination to explore strategic
alternatives while the Company continues to execute its ongoing business
transformation. The Board is currently in discussions that could
potentially lead to a change of control of the Company. The Board
believes that these actions will support and accelerate Apollo's
strategic initiatives, which include the continued growth and investment
in Apollo Global and the continuation of the University of Phoenix's
transformation plan to further enhance student outcomes and provide
outstanding, career relevant higher education for working adults.

The Company has retained Barclays and Credit Suisse as financial
advisors and Sullivan & Cromwell as legal advisor. There

See full press release

Posted-In: News Press Releases

 

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