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Tuesday, June 26, 2012

Texas A&M Buys Texas Wesleyan Law School for $20 Million

Texas A&M University is Texas A&Mbuying Texas Wesleyan School of Law for $20 million. The school's new name will be Texas A&M School of Law at Texas Wesleyan University. From the Texas A&M press release:

Under the agreement, Texas A&M would acquire ownership and operational control of the law school as a going concern and all faculty and staff of the law school would be employees of Texas A&M. Texas Wesleyan University would retain ownership and control of the law school building and four city blocks of land at the downtown Fort Worth campus and would lease the facilities to Texas A&M. ... The agreement will be executed on or before June 1, 2013.

http://taxprof.typepad.com/taxprof_blog/2012/06/texas-am.html

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Comments

Economists say everything has a price, but who knew you could buy a law school?

Do the Koch Brothers know this? Doesn't seem like they were outbid.

Posted by: David R. | Jun 26, 2012 8:44:31 PM

The Kennedys bought Harvard's law school...well, technically, paid it off.

Posted by: Woody | Jun 27, 2012 3:06:05 PM