NC university explores acquisition of Saint Paul's
Wednesday - 11/21/2012, 12:55pm ET
LAWRENCEVILLE, Va. - Saint Augustine's University is exploring the acquisition of Saint Paul's College.
The North Carolina school says on its website that the schools' boards of trustees agreed on Tuesday to a joint management of Saint Paul's' operations beginning Jan. 1.
A campus of Saint Augustine will be established at Saint Paul's campus in Lawrenceville.
Saint Paul's is appealing a June denial of its accreditation by the Southern Association of Colleges and Schools Commission on Colleges.
Saint Augustine's President Boardley Suber says there are still a number of unknowns. But the proposed acquisition is an opportunity to create a model for other institutions facing challenging circumstances.
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