NEW YORK, Oct. 31, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Capella Education
Co. ("CPLA" or the "Company") (NASDAQ: CPLA) in connection with the
proposed acquisition of the Company by Strayer Education, Inc.
("STRA") (NASDAQ: STRA). Under the terms of the agreement,
the Company's shareholders will receive 0.875 of a share of STRA
for each CPLA share they hold, representing consideration of
$80.26 based on STRA's October 27 closing price.
WeissLaw is investigating whether CPLA's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the per-share consideration is approximately $10.00 less that the analyst target price of
$90.00, and nearly $19.00 lower than the Company's 52-week high of
$99.25.
Given these facts, WeissLaw is investigating whether CPLA's
Board acted in the best interests of CPLA's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own CPLA shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or visit our website,
http://www.weisslawllp.com/capella-education-co/
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SOURCE WeissLaw LLP