Investigation Overview
An investigation on behalf of investors, who currently hold shares of Capella Education Company (NASDAQ:CPLA), was announced concerning whether the takeover of Capella Education Company by Strayer Education, Inc for a value of approximately $80.26 per share is unfair to NASDAQ:CPLA stockholders.
Investors who purchased shares of Capella Education Company (NASDAQ:CPLA) and currently hold any of those NASDAQ:CPLA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and 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.