Apollo Education Shares Jump 20% On Report Of Buyout Talks

By Markets MarketWatch Pulse

Apollo Education Group Inc. shares jumped in the extended session Monday following a report that a private-equity group is in late talks to acquire the parent company of the University of Phoenix. Apollo Education shares surged 20% to $7.64. Private-equity firm Apollo Global Management is in advanced talks to buy Apollo Education for about $1 billion, according to a Dow Jones Newswires report, citing people close to the matter.

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