By Ronald J Hansen | The Republic
After nearly 22 years as a publicly traded company, shareholders of the parent to the University of Phoenix approved a $1.14 billion sale Friday that hands the for-profit school over to a trio of private investors.
Investors representing 54 percent of shares accepted the sale of the Apollo Education Group. The approval came after the company extended the period to vote on the buyout by eight days and the new owners increased their offer to $10 per share, 50 cents higher than the original deal.
