Apollo Group, Inc. completes public offering.PHOENIX--(BUSINESS WIRE)--January 19, 1996--Apollo Group, Inc. (Nasdaq:APOL APOL Asia Pacific Online APOL Alternate Person on Line ), a leading provider of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. programs for working adults, today announced that it has priced a public offering of 2.75 million shares of the Company's Class A Common Stock at $31.25 per share. All of the shares of the Class A Common Stock were sold by six of the seven executives officers of the Company. The Company will not receive any of the proceeds from the offering. Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Inc., Alex. Brown & Sons Incorporated and Montgomery Securities co-managed the offering. Apollo Group Apollo Group, Inc. NASDAQ: APOL is an S&P 500 corporation based in Phoenix, Arizona. Apollo Group, Inc., through its subsidiaries, provides higher education to working adults. , Inc., through its subsidiaries the University of Phoenix, the Institute for Professional Development and Western International University, is one of the largest providers of higher education programs for working adults in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with total enrollment exceeding 40,000 students. Educational programs and services are offered at 78 campuses and learning centers in 25 states and Puerto Rico and London, England. CONTACT: Company Contact: James Hoggatt VP-Finance/CFO (602) 966-5394 ext. 1729 Internet address: jwhoggat.oramail@apollogrp.edu www.apollogrp.com or Donna N. Stein, APR APR See: Annual Percentage Rate Morgen-Walke Associates, Inc. (212) 850-5600 Press Contact: Miriam Adler Morgen-Walke Associates, Inc. (415) 296-7383 |
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