MONTREAT, N.C. (AP) - Officials at a Georgia school have decided not to pursue a merger with Montreat College.
The Asheville Citizen-Times reports (http://avlne.ws/1ckyEss) the Point University Board of Trustees issued a statement Tuesday citing "complications involving legal agreements" and concerns in Montreat in making its decision.
Last year, the schools announced they were pursuing the merger.
Last Friday, the faculty at Montreat voted to approve a letter of no confidence in the board of trustees after the board had agreed to pursue the merger. The faculty says it had supported merger plans last year when it appeared the merger would strengthen the residential campus.
A group of Montreat supporters has been trying to raise $2 million in hopes of keeping the school independent. Officials have said the school faces a $3 million deficit.
Information from: The Asheville Citizen-Times, http://www.citizen-times.com
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