The Chronicle: Sale of Antioch College to Alumni Group Breaks Down, and Board Seeks New Offers
A deal to sell Antioch College to an independent corporation made up of alumni and former trustees fell apart late last week, leaving the future of the Yellow Springs, Ohio, institution once again in jeopardy.
On Wednesday night, the Board of Trustees of Antioch University, the college’s parent institution, voted unanimously to reject an offer of $12.2-million from the Antioch College Continuation Corporation. That group, which is known as ACC or AC3, asked for time to reconfigure its offer. “But on Friday we were notified by the AC3 that the deal was off,” Lynda Sirk, a spokeswoman for the university, said on Sunday. “The board really thought that we were on the brink of a deal.”
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