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Bernstein Liebhard LLP Investigates Apollo Education Group, Inc.'s Going Private Offer
PR Newswire

NEW YORK, Feb. 9, 2016 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Apollo Education Group, Inc. ("Apollo" or the "Company") (NASDAQ: APOL) has breached its fiduciary duty to its shareholders in connection with the proposed acquisition of Apollo by a consortium led by private investment firm The Vistria Group.

Bernstein Liebhard LLP. (PRNewsFoto/Bernstein Liebhard LLP)

On February 8, 2016, Apollo Education announced that it had signed a definitive agreement to be acquired and taken private. Under the terms of the agreement, Apollo Education shareholders will receive $9.50 per share in cash for all Class A and B shares of stock owned.  However, Apollo Education stock has traded at well above the proposed offer price when it reached $28.51 per share on February 24, 2015 and has traded above the proposed offer price as recently as October 8, 2015, when it traded at $12.36 per share. 

The investigation is focused on whether this offer undervalues the Company's shares.

If interested in discussing your rights as a Apollo shareholder, and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients.  The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs' firms in the country.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

ATTORNEY ADVERTISING. © 2016 Bernstein Liebhard LLP.  The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.  The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bernstein-liebhard-llp-investigates-apollo-education-group-incs-going-private-offer-300217525.html

SOURCE Bernstein Liebhard LLP

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