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University of Idaho says Phoenix acquisition talks extended; breakup fee could offset university costs
Summary
President C. Scott Green told JFAC the university has an agreement with University of Phoenix sellers that extends the deadline to June 10 for a potential affiliation; the contract allows non‑exclusivity and includes a potential breakup fee of up to $20 million to cover the university’s expenses if the sellers do not proceed.
University of Idaho President C. Scott Green told the Joint Finance‑Appropriations Committee on Jan. 27 that an agreement with the sellers of the University of Phoenix extends the deadline for a potential affiliation to June 10 and includes a breakup fee intended to cover the University of Idaho’s expenses if the transaction does not proceed.
Green described the agreement as allowing the sellers to continue to seek other offers, including public markets, while the university remains a candidate. “The…
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