November 3, 2000

Strayer U. Draws Many Offers to Buy, but It's Not for Sale

Strayer University received more than a dozen buyout offers, including at least two from competitors. But is board of directors has decided it's not for sale.

"We certainly feel we were more of a value than some of the prices coming in," says Marla Boulter, spokeswoman for the university.

The idea of selling arose in January, when Strayer's majority stockholder received an unsolicited offer from an investment company. The shareholder is Ron K. Bailey,