Strayer Education Inc. is nearing a deal to merge with Capella Education Co., according to people familiar with the matter, a move that would create a for-profit education company valued at nearly $2 billion. A deal between the companies would be structured as a stock-for-stock merger and could be announced as soon as Monday, one of the people said. Capella shareholders would receive a premium and the companies’ investors would own roughly the same percentage of the combined entity, this person said.

Source: Wall Street Journal October 30, 2017 01:30 UTC