On October 30, 2017, Strayer Education, Inc. (NASDAQ:STRA) and Capella Education Company (NASDAQ:CPLA) announced that they agreed to combine in an all-stock merger of equals transaction, creating a national leader in education innovation. Strayer will be the remaining corporate entity. Strayer University and Capella University will continue to operate as independent and separately accredited institutions. Pursuant to the terms of the merger agreement, Capella shareholders will receive 0.875 Strayer shares for each Capella share. The transaction is expected to close on or before August 1, 2018, subject to customary closing conditions.

Transaction Documents