NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Capella Education Company (NASDAQ: CPLA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Strayer Education, Inc. (NASDAQ: STRA). Under the terms of the deal, Capella shareholders will receive 0.875 Strayer shares per Capella share. Based on the closing price of Strayer stock on October 27, 2017, this represents a value of $80.26 per share. Upon completion of the merger, Capella shareholders will own approximately 48% of the combined company.
The investigation concerns whether the Capella Board of Directors breached their fiduciary duties to Capella stockholders by failing to adequately shop the Company before entering into this transaction and whether Strayer Education, Inc. is underpaying for Capella shares, thus unlawfully harming Capella stockholders.
If you own common stock in Capella and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or http://docs.wongesq.com/CPLA-Info-Request-Form-1726.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.