San Diego, CA — 11/07/2017 — The acquisition of Capella Education Company is under investigation over possible wrongdoing. The investigation was announced for investors in NASDAQ:CPLA shares concerning whether the takeover of Capella Education Company by Strayer Education, Inc for a value of approximately $80.26 per share is unfair.
Investors who purchased shares of Capella Education Company (NASDAQ:CPLA) should contact the Shareholders Foundation at [email protected] or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Capella Education Company breached their fiduciary duties owed to NASDAQ:CPLA investors in connection with the proposed acquisition.
On October 30, 2017, Strayer Education, Inc. (NASDAQ:STRA) and Capella Education Company (NASDAQ:CPLA) announced that they have agreed to combine in an all-stock merger of equals transaction, creating a national leader in education innovation. Pursuant to the terms of the merger agreement, Strayer and Capella will combine in an all-stock merger of equals with Capella shareholders receiving 0.875 Strayer shares for each Capella share. Based on the closing prices of Strayer and Capella common stock on October 27, 2017, that values Capella shares at $80.26 each.
However, given that at least one analyst has set the high target price for NASDAQ:CPLA shares at $90.00 per share and given that NASDAQ:CPLA shares traded as high as $98.05 per share in April 2017, the investigation concerns whether the offer is unfair to Capella Education Company (NASDAQ:CPLA stockholders. More specifically, the investigation concerns whether the Capella Education Company (NASDAQ:CPLA Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Those who are current investors in Capella Education Company (NASDAQ:CPLA) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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