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Saturday, June 4, 2016

Apollo Education Group (APOL)

  • In January 2016, the Wall Street Journal reported the company was in talks to sell itself to Apollo Global Management (NYSE:APO) for $1 billion, or $9-10 per share. 
  • On May 8, 2016, the company announced its sale to a group of private investors for $1.14 billion.
  • The Apollo Education Group (APOL) and Apollo Global Management (APO) were not related in any way before the merger.
   

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