I thought the new owners could not lay anyone off for one year after the merger. Here's a link to the merger agreement. Can someone look at section 6.10 D (iii) (p. 77)? To me, it reads that per the Merger Agreement, the new owners could not terminate anyone for one year. The key phrase in question to me here is "after the effective time" which was one year from the merger, if you read all of 6.10. Find "02/8/16
"8-K - Merger Agreement" at this link. It's the fourth from the bottom link on the page: http://investors.apollo.edu/phoenix.zhtml?c=79624&p=proxy