Grand Canyon Seen as Unlikely to Go Private, Nonprofit

Grand Canyon University's chances of going private have dropped considerably, the Phoenix Business Journal reported based on an interview with the for-profit college's president. Brian Mueller told the Journal that there was less than a 50 percent chance of the publicly traded company going private or nonprofit. Shareholders refused to accept buyouts to convert the publicly traded company. The company offered to buy out shares for 15 percent more than they're worth. we need to say what that means ... that the company offered to buy out people's shares for 15 percent more than they are now worth? dl. Changed it. -AS