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Strayer Education, Capella to merge in $1.9 billion deal
October 30, 2017 / 10:14 AM / a month ago

Strayer Education, Capella to merge in $1.9 billion deal

Oct 30 (Reuters) - Strayer Education Inc said on Monday it would merge with smaller peer Capella Education Co in an all-stock deal valued at $1.9 billion.

Strayer shareholders will own about 52 percent of the combined company, and Capella shareholders will own about 48 percent, the companies said.

The combined for-profit education company will serve about 80,000 students across the United States. (Reporting by Ankit Ajmera in Bengaluru; Editing by Bernard Orr)

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