Apollo Education Group Shareholders Approve Merger Agreement

(RTTNews) - Apollo Education Group, Inc. (APOL) announced that its shareholders have approved the merger agreement for the proposed acquisition by a consortium of investors, including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC (APO) and the Najafi Companies.

At completion of the merger, Apollo Education Group shareholders will receive $10.00 per share in cash. The acquisition is expected to be completed by year-end 2016.

Tony Miller, Partner at The Vistria Group who will become Chairman of the Apollo Education Group upon transaction close.