Update from the GLCA
12:00 am in news by News Summary Listing
Date: 8/31/2009 to 9/30/2009
Two months ago the boards of Antioch University and the Antioch College Continuation Corporation unanimously approved an “asset purchase agreement” that will allow the creation of an independent Antioch College in Yellow Springs, Ohio. Included in this agreement is the transfer of the historic college campus and its endowment. While the August 31, 2009, deadline included in the asset purchase agreement will pass without a closing and transfer of assets; both parties remain confident that their work will be completed very soon. The deadline was selected by the boards, but with a provision that more time could be allotted to accommodate required reviews and approvals from external agencies. Antioch University and the Antioch College Continuation Corporation continue working together toward the transfer, and anticipate jointly making a public announcement regarding a closing date when these external agencies have completed their work.