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Sylvan Learning Systems Inc

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BUSINESS
April 14, 1998 | Bloomberg News
Sylvan Learning Systems Inc. agreed to acquire Aspect, a closely held provider of English instruction, for $65 million in stock, adding the rapidly growing English-as-a-second-language program to its roster of educational services. Sylvan also said it will take acquisition charges of $9 million to $10 million in the second quarter.
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BUSINESS
April 14, 1998 | Bloomberg News
Sylvan Learning Systems Inc. agreed to acquire Aspect, a closely held provider of English instruction, for $65 million in stock, adding the rapidly growing English-as-a-second-language program to its roster of educational services. Sylvan also said it will take acquisition charges of $9 million to $10 million in the second quarter.
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BUSINESS
April 17, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Publisher and retailer Harcourt General Inc. launched an unsolicited $740-million bid Wednesday for Irvine-based National Education Corp., upping the ante as it starts a fight to buy the world's largest correspondence school. Harcourt's plan to go to NEC shareholders with a $19.50-a-share tender offer surpasses the all-stock deal NEC directors reached last month with Sylvan Learning Systems Inc. in what was billed then as the "biggest deal in the history of the industry."
CALIFORNIA | LOCAL
April 10, 1998 | DEBORAH BELGUM, SPECIAL TO THE TIMES
A tutoring program to boost reading and math scores in the beleaguered Compton schools was blasted Thursday by the president of the local NAACP, who said it will benefit only one in 10 students and is an affront to teachers. "I think it is a slap in the face to the good teachers who are teaching the students," said Walter Goodin, president of the Compton chapter of the National Assn. for the Advancement of Colored People.
CALIFORNIA | LOCAL
April 10, 1998 | DEBORAH BELGUM, SPECIAL TO THE TIMES
A tutoring program to boost reading and math scores in the beleaguered Compton schools was blasted Thursday by the president of the local NAACP, who said it will benefit only one in 10 students and is an affront to teachers. "I think it is a slap in the face to the good teachers who are teaching the students," said Walter Goodin, president of the Compton chapter of the National Assn. for the Advancement of Colored People.
BUSINESS
April 22, 1997
Publisher-retailer Harcourt General Inc. on Monday began to seek shares of National Education Corp., the world's largest provider of correspondence courses, to purchase for $19.50 a share. Harcourt, which announced its unsolicited bid last week, said the tender offer to NEC shareholders will expire on May 16 at 9 p.m. PDT, unless the company extends it, according to documents filed with the Securities and Exchange Commission.
BUSINESS
March 12, 2003 | From Bloomberg News
Shares of Sylvan Learning Systems Inc., which offers courses to 76,000 students worldwide, shot up 30% Tuesday after the company agreed to sell its primary- and secondary-education units and raised a revenue forecast. Shares in Sylvan rose $3.44 to $14.87 in Nasdaq trading, marking the company's largest dollar increase in more than four years. The Baltimore-based company would get as much as $300 million for selling the businesses to New York-based Apollo Management, its largest shareholder.
BUSINESS
June 6, 1997 | PATRICE APODACA, TIMES STAFF WRITER
Harcourt General Inc. took a big step toward acquiring National Education Corp., saying that 96% of the shares of Irvine-based NEC had been tendered by Wednesday's deadline for the publisher's offer. Harcourt's $21-a-share bid for NEC, agreed to by the two companies last month, was subject to a minimum of 90% of the shares being tendered. With that benchmark surpassed, Harcourt said it expects to complete the $811.6-million merger by Tuesday. Based in Chestnut Hill, Mass.
BUSINESS
May 2, 1997 | PATRICE APODACA, TIMES STAFF WRITER
Tipping the scale significantly in the contest to acquire Irvine-based National Education Corp., publisher Harcourt General Inc. on Thursday said it sweetened its bid to $21 a share, or about $797 million. Last month, Harcourt offered $19.50 a share for the world's largest provider of correspondence courses, or $740 million. The unsolicited bid topped the all-stock deal that National Education agreed to in March with Sylvan Learning Systems Inc. of Baltimore.
BUSINESS
March 27, 2000 | KIRSTIN DOWNEY GRIMSLEY, WASHINGTON POST
The array of services being proffered to employees has expanded to cover the entire life cycle: Babies: Lactation programs, which offer breast-feeding information and facilities for new mothers to express milk to carry home to their infants, are now available at 6% of large firms, according to a report last year by the Society of Human Resource Management.
BUSINESS
April 17, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Publisher and retailer Harcourt General Inc. launched an unsolicited $740-million bid Wednesday for Irvine-based National Education Corp., upping the ante as it starts a fight to buy the world's largest correspondence school. Harcourt's plan to go to NEC shareholders with a $19.50-a-share tender offer surpasses the all-stock deal NEC directors reached last month with Sylvan Learning Systems Inc. in what was billed then as the "biggest deal in the history of the industry."
BUSINESS
December 6, 2003 | E. Scott Reckard, Times Staff Writer
Job-training specialists such as Santa Ana-based Corinthian Colleges Inc., which have enjoyed a huge run-up in their stock prices over the last three years, got a few lessons this week in the fickleness of the market. After allegations of fraud at Illinois-based Career Education Corp. surfaced Wednesday, investors took a hickory stick not only to Career -- whose stock fell 33% in two days -- but also to University of Phoenix parent Apollo Group Inc.
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