Apollo Education To Explore Strategic Alternatives - Quick Facts

(RTTNews) - Apollo Education Group, Inc. (APOL) said its board of directors has decided to explore strategic alternatives while the company continues to execute its ongoing business transformation. The company's board is currently in talks that could potentially lead to a change of control of the company.

According to the board, these actions will support and accelerate Apollo's strategic initiatives. This includes the continued growth and investment in Apollo Global as well as the continuation of the University of Phoenix's transformation plan to further enhance student outcomes and provide outstanding, career relevant higher education for working adults.

Apollo Education has retained Barclays and Credit Suisse as financial advisors, while Sullivan & Cromwell has been retained as legal advisor. The company noted that there can be no assurance that any transaction will be pursued or completed.

Due to ongoing nature of these discussions, the company will not make any further comment at this time.