"American Public Education (NASDAQ:APEI) to acquire Rasmussen University, a nursing- and health sciences-focused institution serving over 18,000 students at its 24 campuses across six states and online for $329M, consisting of $300M in cash plus $29M in preferred shares, which represents the value of expected tax step-up benefits."
https://seekingalpha.com/news/3627969-apei-to-acquire-rasmussen-university-for-329m-and-guides-q3-results-above-consensus