Apollo Group (APOL) Acquires Carnegie Learning for $75M
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Apollo Group, Inc. (Nasdaq: APOL) entered into an agreement to acquire 100% of the stock of Carnegie Learning, Inc., a publisher of research-based math curricula including the adaptive Cognitive Tutor® math software, for $75.0 million.
The Company currently anticipates the acquisitions to be value accretive over the long term and $0.07-$0.09 dilutive to earnings per share in fiscal 2012, in part due to non-cash amortization of intangibles. The acquisitions are subject to customary closing conditions and are anticipated to be completed during the first quarter of fiscal 2012.
The Company currently anticipates the acquisitions to be value accretive over the long term and $0.07-$0.09 dilutive to earnings per share in fiscal 2012, in part due to non-cash amortization of intangibles. The acquisitions are subject to customary closing conditions and are anticipated to be completed during the first quarter of fiscal 2012.
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