SAN DIEGO, Oct. 30, 2017 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Capella Education Company ("Capella")
(NASDAQ: CPLA) breached their fiduciary duties in connection with
the proposed sale of the Company to Strayer Education, Inc.
("Strayer") (NASDAQ: STRA). Capella provides online postsecondary
education and job-ready skills development services in the United States.
On October 30, 2017, Capella
announced that it had signed a definitive merger agreement with
Strayer. Under the terms of the deal, 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
Friday's stock closing prices, that values Capella shares at
$80.26 each. However, shareholders
will be subject to the future price fluctuation of Strayer's stock
price.
The investigation concerns whether the Capella board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Capella
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially given
one Wall Street analyst has a $90.00
price target on the stock. The 52-week high for Capella was
$99.25.
If you are a shareholder of Capella and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP