Tuesday, June 26, 2012
Texas A&M University is buying 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.