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Stock Market & Financial Investment News

News Breaks
July 2, 2014
07:36 EDTAPEI, APOL, DV, LOPE, ESI, COCO, STRA, BPI, CECOImplications of Corinthian dissolution on peers mixed, says Wells Fargo
Corinthian Colleges' (COCO) "seeming imminent dissolution as an operating company" means that the Department of Education's actions have become unpredictable and will have "a chilling effect on investment" in the space, according to Wells Fargo. However, the firm thinks that a number of companies in the sector could benefit by acquiring some of Corinthinan's assets. It names Lincoln Educational (LNC), Universal Technical Institute (UTI), DeVry (DV), and Career Education (CECO) as the most likely companies to benefit from Corinthian's dissolution. Other publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).
News For COCO;DV;CECO;ESI;APOL;BPI;LOPE;APEI;STRA From The Last 14 Days
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December 19, 2014
06:53 EDTAPEI, LOPE, ESI, DV, STRA, COCO, CECO, BPI, APOLWhitie House unveils college ratings blueprint, Reuters says
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December 18, 2014
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.

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