MILWAUKEE, Oct. 30, 2017 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of Directors of Capella
Education Company (Nasdaq: CPLA) for possible breaches of fiduciary
duty and other violations of Minnesota law in connection with the sale of
Capella to Strayer.
Click here to learn how to join the action:
http://ademilaw.com/case/capella or call Guri Ademi toll-free at 866-264-3995. There is
no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Capella's long-term financial
outlook is improving and yet Capella shareholders will receive
0.875 Strayer shares for each Capella share. Strayer is well
aware of Capella's improving financial metrics and is purchasing
Capella at a substantial discount. The merger agreement
unreasonably limits competing bids for Capella by (i) prohibiting
solicitation of any further bids, and (ii) imposing a termination
penalty should Capella receive and accept a superior bid. Capella
insiders, their affiliates and other major shareholders own
significant voting stock, and will receive millions of dollars as
part of change of control arrangements, and therefore can unduly
influence a sale of Capella. Our investigation centers on the
conduct of Capella's Board of Directors, who have unanimously
approved the transaction, and whether they are (i) fulfilling their
fiduciary duties to all shareholders, and (ii) obtaining a fair and
reasonable price for Capella given its current financial condition
and prospects.
If you own common stock in Capella and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/capella.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP