Interstate Batteries and Aqua Metals Form Strategic Partnership
- Published: 19 May 2016
- Written by Editor
Cash offer of $9.50 per share
All equity transaction supported by well-capitalized consortium
Will continue to invest in strategic transformation, enhancing student outcomes and career relevant education for working adults
PHOENIX & NEW YORK-- Apollo Education Group, Inc. (APOL) today announced it has entered into a definitive agreement to be acquired by a consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC (APO), and Najafi Companies for $9.50 per share in cash for both Class A and B shares. The purchase price represents a premium of 30 percent over Apollo Education Group’s 30-day volume weighted average stock price for the period ended Feb. 5, 2016, and a 44 percent premium over the closing price on Jan. 8, 2016, immediately prior to the announcement that the Board of Directors was pursuing strategic alternatives. Tony Miller, Chief Operating Officer and Partner of The Vistria Group and former Deputy Secretary of the U.S. Department of Education, will become Chairman of the Apollo Education Group Board upon transaction close.
FORT LAUDERDALE, Fla. & HAWTHORNE, N.Y.--- Kaplan, Inc., the global education services company and largest subsidiary of Graham Holdings (GHC), has agreed to acquire SmartPros, Ltd. (SPRO), a leading provider of accredited professional education and training, primarily in accountancy. Kaplan will pay approximately $16.9 million in cash or $3.57 per share.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151022005754/en/
SmartPros offers a broad suite of services and content in accountancy continuing education. These include its well-known Financial Management Network (FMN), CPA Report (CPAR) and SmartPros Advantage (SPA) accounting subscription products. Its Financial Campus product and Banking library delivers continuing education to the financial services industry.
NEW YORK, Oct. 19, 2015 -- Oprah Winfrey and Weight Watchers International, Inc. (WTW) have joined together in a groundbreaking partnership to inspire people around the world to lead a healthier and more fulfilling life. Winfrey was compelled by the proven Weight Watchers program combined with new initiatives to broaden the company's mission to prioritize overall health and wellness. As a part of this long-term partnership, Winfrey is making a substantial equity investment in the company and is joining the Board of Directors, bringing her insight to future products and programs.
"Weight Watchers has given me the tools to begin to make the lasting shift that I and so many of us who are struggling with weight have longed for," said Oprah Winfrey. "I believe in the program so much I decided to invest in the company and partner in its evolution."