Apollo Education Group Announces Timing of Fiscal 2016 Fourth Quarter and Year-End Earnings Release

Dienstag, 18.10.2016 22:05


Apollo Education Group, Inc. (NASDAQ: APOL) announced today that it will report its fiscal 2016 fourth quarter and year-end results after market on Thursday, October 20, 2016.

On February 7, 2016, the Company entered into a merger agreement with AP VIII Queso Holdings, L.P., an affiliate of Apollo Management VIII, L.P., which is a fund managed by an affiliate of Apollo Global Management, LLC, none of which is affiliated with the Company. At the effective time of the merger, each share of the Company's issued and outstanding Class A and Class B common stock will be converted into the right to receive $10.00 per share in cash. The transaction is subject to financial, operational and customary closing conditions. It is also subject to foreign and domestic regulatory conditions and approvals, including by the U.S. Department of Education, the Higher Learning Commission, and state regulatory and programmatic accreditation bodies. For more information, see the Company's supplement to definitive proxy statement filed with the Securities and Exchange Commission on May 2, 2016 and definitive proxy statement filed with the Securities and Exchange Commission on March 23, 2016, available on the SEC’s website, www.sec.gov, and Apollo Education Group website, www.apollo.edu/transaction.

In light of the pending merger, the Company will not be hosting an investor conference call following the issuance of its fiscal 2016 fourth quarter and year-end earnings press release.

About Apollo Education Group, Inc.

Apollo Education Group, Inc. is one of the world’s largest private education providers, serving students since 1973. Through its subsidiaries, Apollo Education Group offers undergraduate, graduate, professional development and other nondegree educational programs and services, online and on-campus principally to working learners. Its educational programs and services are offered throughout the United States and in Europe, Australia, Latin America, Africa and Asia, as well as online throughout the world.

For more information about Apollo Education Group, Inc. and its subsidiaries, call (800) 990-APOL or visit the Company’s website at www.apollo.edu.

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