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Stock Market & Financial Investment News

News Breaks
April 2, 2013
13:11 EDTLINC, ESI, EDMC, APEI, DV, NAUH, STRA, APOL, COCO, LOPE, BPI, CECONew interpretation could affect colleges, Inside Higher Education says
The Department of Education has developed a new interpretation that could prevent students at colleges from receiving federal financial aid if their schools are not accredited by the state in which they are located, according to Inside higher Education. The department is not allowing colleges in Florida to bypass state licensing requirements by saying that they are accredited by a separate institution, the website indicated. The new interpretation will not be enforced for distance education, but could be applied in states other than Florida, the website added. Reference Link
News For APEI;CECO;APOL;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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December 28, 2014
12:13 EDTEDMCEducation Management announces extension of exchange offer
Education Management announced that it has extended until 5:00 p.m., New York City time, on December 30 the expiration date for its previously announced private offer to exchange all outstanding Senior Cash Pay/PIK Notes due 2018 and Senior PIK Toggle Notes due 2018 issued by certain of its subsidiaries for a combination of mandatory convertible preferred stock of EDMC and warrants to purchase common stock of EDMC. The Exchange Offer is being conducted in furtherance of the company's previously announced financial restructuring. The expiration date for the Exchange Offer had previously been 5:00 p.m., New York City time, on December 26.
December 23, 2014
11:59 EDTAPOLApollo Education January volatility elevated into Q1
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10:18 EDTAPOLHigh option volume stocks
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December 19, 2014
06:53 EDTAPEI, LOPE, ESI, DV, STRA, COCO, CECO, APOL, BPIWhitie House unveils college ratings blueprint, Reuters says
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December 18, 2014
16:18 EDTLINCLincoln Educational names Brian Meyers as CFO, effective January 1, 2015
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16:10 EDTCECOCareer Education intends to divest Le Cordon Bleu Colleges of Culinary Arts
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08:01 EDTDVDeVry to acquire Faculdade Ideal , terms not disclosed
DeVry Education Group announced that DeVry Brasil has entered into an agreement to acquire Faculdade Ideal. Located in Belém, Pará in northern Brazil, Faci currently serves approximately 2,500 students and offers undergraduate programs in high-demand career fields such as law, education, accounting, technology and engineering. The transaction is expected to be completed in the third quarter of fiscal 2015. -
December 16, 2014
14:19 EDTDVDeVry Brasil to acquire Damásio Educacional
DeVry Education Group announced that DeVry Brasil has signed a definitive agreement to acquire Damásio Educacional. Completion of the transaction is expected to occur February 2015, subject to all regulatory approvals. Damásio is a leader in bar exam test preparation and a high quality provider of undergraduate and graduate law programs. Damásio is expected to generate approximately $50 million in revenue in calendar year 2014. DeVry Group expects Damásio to be modestly accretive to earnings per share in fiscal 2015 and increasing thereafter.
08:54 EDTEDMCEducation Management says court denied motion filed by Marblegate
Education Management announced that the U.S. District Court for the Southern District of New York has denied the motion filed by Marblegate Asset Management and Magnolia Road Capital seeking to preliminarily enjoin the company from consummating its proposed debt restructuring. The court denied the injunction based on, among other things, the balance of equities and the public interest. The court also concluded on a preliminary basis that the plaintiffs are likely to succeed on the claim they have asserted under the Trust Indenture Act. The company respectfully disagrees with that aspect of the opinion and, based on the court's order, plans to move forward promptly with the restructuring.

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