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Capella shareholders approve merger with Strayer

Shareholders of Capella Education Co. on Jan. 19 approved the company's proposed merger with for-profit education company Strayer Education Inc.

Strayer shareholders also approved the deal.

Upon completion of the transaction, both the institutions will continue to operate independently under the corporate entity called Strategic Education Inc.

The deal is expected to close in the third quarter of 2018, subject to customary closing conditions.