<a href="https://laohu8.com/S/PXED">Phoenix Education Partners Inc.</a> Announces New Shareholder Agreement with Apollo and Vistria Stockholders
Phoenix Education Partners Inc. has announced a new shareholder agreement with its major investors, AP VIII Socrates Holdings, L.P. (managed by affiliates of Apollo Global Management, Inc.) and TVG-I-E-AEG Holdings, LP (managed by affiliates of The Vistria Group, LP). Under the agreement, as long as either the Apollo or Vistria stockholder and their affiliates maintain at least 5% ownership of the company's outstanding common stock, they will have the right to nominate a number of directors to the company's board proportional to their ownership. Additionally, each party will have the right to fill any board vacancies related to their nominees, provided they retain the required ownership threshold. The agreement is designed to give both major stockholders significant influence over board composition as long as they remain substantial shareholders.
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