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Strayer Education Inc (STRA.OQ)

STRA.OQ on NASDAQ Stock Exchange Global Select Market

90.71USD
15 Dec 2017
Change (% chg)

$1.68 (+1.89%)
Prev Close
$89.03
Open
$89.45
Day's High
$91.32
Day's Low
$89.45
Volume
90,003
Avg. Vol
41,999
52-wk High
$100.55
52-wk Low
$72.01

Latest Key Developments (Source: Significant Developments)

Strayer and Capella to continue paying qtrly dividend before merger close
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Capella Education Co :Strayer says ‍confirms co, capella permitted to continue paying qtrly dividend, prior to merger closing - sec filing.  Full Article

Strayer Education Inc reports Q3 earnings per share of $0.56
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Strayer Education Inc :Strayer Education Inc reports third quarter enrollment, revenues and earnings.Q3 earnings per share $0.34 excluding items.Q3 earnings per share $0.56.Q3 revenue $108.5 million versus I/B/E/S view $107.5 million.Q3 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Strayer Education - sees ‍total enrollments at strayer university for Q4 to grow 6% to about 48,100 students from 45,509 students last year.Strayer Education Inc - qtrly student enrollment at company's main operating unit increased 7% to 41,679 compared to 38,813 last year.  Full Article

‍Strayer Education Inc and Capella Education Co combine​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - ‍Strayer Education Inc :‍Strayer Education Inc and Capella Education Company combine​.Strayer Education Inc - ‍merger is expected to be accretive to Strayer's EPS by approximately 20% to 25% by 2019​.Strayer Education Inc - ‍Strayer will be remaining corporate entity under which both universities will operate after deal​.Strayer Education Inc - ‍implied equity value of combined company is approximately $1.9 billion​.Strayer Education - co and Capella will combine in all-stock merger with Capella shareholders to get 0.875 Strayer shares for each Capella share​.Strayer Education Inc - ‍merger expected to be tax-free to shareholders of both companies​.Strayer - ‍upon deal closing, Strayer shareholders will own about 52%,capella shareholders will own about 48% of combined co on a fully diluted basis​.Strayer Education - ‍upon deal closing, Robert Silberman will be executive chairman, Kevin Gilligan will be vice chairman of combined entity​.Strayer Education Inc - upon deal closing, Strayer Education Inc will be renamed Strategic Education Inc​.Strayer Education Inc - ‍upon closing of transaction, Karl McDonnell will be chief executive officer of combined entity​.Strayer Education Inc - ‍Strayer's board will be increased to 12 directors total - with three to be nominated by Capella on closing​.Strayer Education - ‍merger of organizations expected to achieve annual cost savings of about $50 million to be fully phased in within 18 months of closing​.  Full Article

Strayer Education, Capella education near merger deal‍​- WSJ
Monday, 30 Oct 2017 

Oct 29 (Reuters) - :Strayer Education, Capella education near merger deal‍​- WSJ, citing sources.Strayer-Capella deal would be structured as stock-for-stock merger; could be announced as soon as monday- WSJ, citing sources.  Full Article

Strayer Education Q2 EPS $0.72
Wednesday, 27 Jul 2016 

Strayer Education Inc : Total enrollments at strayer university for summer term that started July 5, up 4 pct to 38,813 students . Strayer Education, Inc. reports second quarter revenues and earnings; and summer term 2016 enrollments . Q2 earnings per share $0.72 . Q2 revenue $108.5 million versus I/B/E/S view $109.2 million . Q2 earnings per share view $1.04 -- Thomson Reuters I/B/E/S .Qtrly new student enrollments increased 6% and continuing student enrollments increased 4 pct..  Full Article

Strayer Education Inc acquires the New York Code and Design Academy
Saturday, 16 Jan 2016 

Strayer Education Inc:Acquired the New York Code and Design Academy (NYCDA), a provider of non-degree web and mobile app development courses.NYCDA will operate as a wholly owned subsidiary of Strayer Education, Inc.  Full Article

Strayer Education, Capella to merge in $1.9 billion deal

Strayer Education Inc will merge with smaller peer Capella Education Co in a $1.9 billion all-stock deal that will offer doctoral, master's and bachelor's programs, mainly for working adults across the United States.