Comment on Investors increase buyout offer for ​University of Phoenix parent company Apollo

Investors increase buyout offer for ​University of Phoenix parent company Apollo

The consortium of investors bidding to buy Phoenix-based Apollo Education Group Inc. (Nasdaq: APOL) has increased its offer to $1.4 billion, up from $1.1 billion. The increased price equates to $10 a share, up from $9.50 a share. This is the bidder's best and final offer, according to a press release Apollo issued May 1.

 

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