A consortium led by Apollo Global Management LLC (NYSE: APO) has increased its offer to buy Apollo Education Group Inc. (Nasdaq: APOL), owner of the University of Phoenix, to $10.00 a share, or $1.14 billion.

Apollo Global and other investors including The Vistria Group LLC had offered to buy the Arizona-based education company in February for about $9.50 per share. The revised terms are the consortium’s “best and final offer,” Apollo Education said in a press release Sunday.

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