31.10.2017 23:15:00
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SHAREHOLDER ALERT: WeissLaw LLP Investigates the Acquisition of Capella Education Co.
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 Rubinby 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/
View original content:http://www.prnewswire.com/news-releases/shareholder-alert--weisslaw-llp-investigates-the-acquisition-of-capella-education-co-300546904.html
SOURCE WeissLaw LLP
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