By Anne Levin
Rider University’s Board of Trustees has revealed the identity of the company with which they have been negotiating to buy Westminster Choir College, Westminster Conservatory of Music, and Westminster Continuing Education, for $40 million.
The board has signed a non-binding term sheet with Beijing Kaiwen Education Technology Co., Ltd, a Chinese firm that owns the Kaiwen Academies, two K-12 international schools in Beijing, for the transfer of ownership of the three entities. “This major step forward will ensure that the choir college and its entities remain open in Princeton, NJ,” reads a press release from Rider president Gregory Dell’Omo. more