Apollo Education holders approve bid from Apollo Global

New York

APOLLO Education Group Inc shareholders approved the US$10.00-a-share offer valued at US$1.14 billion from a group led by Apollo Global Management LLC.

More than 63 per cent of the Class A shares that voted were in favour of the transaction, which represented about 54 per cent of the outstanding Class A shares, according to a statement on Friday. All Class B shareholders voted for the transaction.