By Angela Gonzales | Phoenix Business Journal
Phoenix-based Apollo Education Group Inc. is going private in a $1.1 billion transaction.
While the deal is subject to shareholder approval, Apollo entered into a merger agreement with AP VIII Queso Holdings LP, a Delaware limited partnership, and Socrates Merger Sub Inc., an Arizona company and wholly owned subsidiary of Apollo, according to an 8-K filed this morning with the U.S. Securities and Exchange Commission.