Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Capella Education Company has obtained a Fair Price in its Sale to Strayer Education, Inc.
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 [email protected] 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
SOURCE Ademi & O'Reilly, LLP
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