Tuesday, June 26, 2012
Texas A&M Buys Texas Wesleyan Law School for $20 Million
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.
- ABA Journal
- Above the Law
- Dallas Morning News
- Faculty Lounge
- Fort Worth Star-Telegram
- Houston Chronicle
- KWTX.com
https://taxprof.typepad.com/taxprof_blog/2012/06/texas-am.html
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 5:44:31 PM
The Kennedys bought Harvard's law school...well, technically, paid it off.
Posted by: Woody | Jun 27, 2012 12:06:05 PM