[BREAKING] University of Phoenix parent going private in $1.1B deal

university-of-phoenix*750xx3888-2187-0-203By 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.

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