Strayer Education Inc. will merge with Capella Education Co. in a move that would create a for-profit education company valued at nearly $2 billion. A deal between the companies will be structured as a stock-for-stock merger. Capella shareholders will receive a premium and will own about 48% of the combined company. Strayer shareholders will own about 52%. The deal has been unanimously approved by both companies’ boards of directors and is expected to close in the third quarter of 2018, a news release announcing the deal...

Source: Wall Street Journal October 30, 2017 11:53 UTC