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BRIEF-Apollo Education says evaluating DoE preacquisition response
December 8, 2016 / 1:20 PM / 10 months ago

BRIEF-Apollo Education says evaluating DoE preacquisition response

Dec 8 (Reuters) - Apollo Education Group Inc :

* Apollo Education- department indicated continued participation of university in title IV programs after merger would be subject to certain conditions

* Apollo Education Group Inc - currently evaluating DoE preacquisition response and its implications for merger

* Apollo Education Group Inc - U.S. Department of Education provided its response to preacquisition review application filed by University Of Phoenix

* Apollo Education Group Inc - conditions include posting of a letter of credit with department within ten days of merger in amount of $385.6 million

* Apollo - either Queso, co can abandon deal if conditions relating to preacquisition review response are not satisfied, are not curable prior to Feb 1 Source text: (bit.ly/2gZt4YG) Further company coverage:

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