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Devry Education Group Inc. – ‘8-K’ for 6/19/96 – EX-99

As of:  Wednesday, 7/3/96   ·   For:  6/19/96   ·   Accession #:  730464-96-6   ·   File #:  1-13988

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  As Of                Filer                Filing    For·On·As Docs:Size

 7/03/96  Devry Education Group Inc.        8-K:2,7     6/19/96    3:151K

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         8-K Text                                               6     13K 
 2: EX-2        Purchase Agreements                                   54    188K 
 3: EX-99       Press Release                                          2      6K 

EX-99   —   Press Release

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62 News Release Contact: Diane Salucci or Release immediately Cathy Klepack June 19, 1996 800/225-8000, ext. 4148 DeVry Acquires Becker CPA Review OAKBROOK TERRACE, Ill. -- DeVry Inc. (NYSE: DV), a national system of career-oriented, higher-education institutes, has acquired the Becker CPA Review business for cash. Becker CPA Review, headquartered in Los Angeles, is the leading international training firm preparing students to take the nationally administered and centrally graded Certified Public Accountant (CPA) exam. The company also offers Certified Management Accountant (CMA) review courses. "We were first attracted to Becker because of the high quality of its educational programs and its other similarities to DeVry Institutes and Keller Graduate School of Management," said Dennis J. Keller, chairman and chief executive officer, DeVry Inc. "Becker's outstanding reputation and its international network fit well with our long-range growth strategy." "DeVry Institutes' accounting program will benefit from Becker's CPA training expertise," said Ronald L. Taylor, president, DeVry Inc., "while Keller Graduate School's focus on educating adult students will blend well with Becker's emphasis on preparing college graduates from numerous locations around the world to take the CPA exam." - more -
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63 DeVry acquires Becker CPA Review, add one "We are pleased to join forces with DeVry," said Newton D. Becker, chief executive officer and president, Becker CPA Review. "With DeVry's leadership and resources, we believe this alliance will propel us into the 21st century as the premiere provider of career-focused educational and training services." Becker CPA Review was founded in 1957 by Newton D. Becker. Currently, there are 135 school locations in the United States as well as eight international locations in the Middle East, Pacific Rim and Canada. Historically, Becker students' pass rates on the CPA exam are approximately double the national average pass rate, as published by the National Association of State Boards of Accountancy. More than one-third of all students passing the CPA exam in the United States are Becker CPA Review alumni. DeVry Inc., which owns and operates DeVry Institutes, Keller Graduate School of Management and Corporate Educational Services, is one of the largest publicly owned, degree-granting, higher-education companies in North America. # # #

Dates Referenced Herein

Referenced-On Page
This ‘8-K’ Filing    Date First  Last      Other Filings
Filed on:7/3/96None on these Dates
For Period End:6/19/961
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Filing Submission 0000730464-96-000006   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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