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Apollo Global Agrees to Acquire UK-based BPP Holdings plc.

Publication: Mergers & Acquisitions Week
Publication Date: 24-JUN-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Apollo Group, Inc. (Nasdaq: APOL) ("Apollo Group" or "the Company") announced that its 80.1%-owned subsidiary Apollo Global, Inc. has agreed to acquire UK-based BPP Holdings plc ("BPP") (LSE:BPP), a leading provider of education and training to professionals in the legal and finance industries. Apollo Global has agreed to purchase all of the outstanding shares of BPP at 620 pence per share in cash, representing an enterprise value of approximately $540 million. The transaction is structured as a court-sanctioned acquisition arrangement under the laws of the UK and is subject to court, shareholder and regulatory approval and other customary closing conditions. The transaction, if approved, is expected...

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