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DEVRY INC. FILES 1.8 MILLION-SHARE SECONDARY OFFERING

 OAKBROOK TERRACE, Ill., Feb. 22 /PRNewswire/ -- DeVry Inc. (NASDAQ: DVRY), a system of career-oriented higher education institutes, announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed secondary offering of 1.8 million shares of common stock in simultaneous United States and international public offerings.
 The First Boston Corp., Salomon Brothers Inc., Advest, Inc. and The Chicago Corp. will co-manage the U.S. offering of 1.45 million shares and Credit Suisse First Boston Limited and Salomon Brothers International Limited will lead manage the international offering of .35 million shares. Certain selling shareholders have granted the underwriters an option to purchase up to an additional .2 million shares to cover over-allotments, if any.
 Selling shareholders consist principally of private equity firms that were venture capital investors in the company's acquisition of the DeVry Institutes in 1987. DeVry Inc. will not sell any shares of common stock in the proposed offering.
 The registration statement has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 DeVry Inc. is one of the largest private degree-granting higher education systems in North America.
 -0- 2/22/93
 /CONTACT: Diane Salucci or Cathy Klepack, 708-574-1938, both for DeVry Inc./
 (DVRY)


CO: DeVry Inc. ST: Illinois IN: SU: OFR

TM -- NY087 -- 9118 02/22/93 17:56 EST
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Publication:PR Newswire
Date:Feb 22, 1993
Words:290
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