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GLENDALE, Ariz. (AP) — Staffing and debt may delay a planned merger between Arizona State University and Thunderbird School of Global Management.
The Arizona Republic reports (http://bit.ly/1nh3wQ1) that ASU officials are concerned about inheriting debt from Thunderbird, which has faced financial struggles recently.
ASU President Michael Crow said at a meeting last week with ASU faculty that it still had to be determined how many members of Thunderbird's faculty would remain.
Thunderbird, which was first established in Glendale in 1946, abandoned a proposal earlier this year to partner with a for-profit educational company.
Officials announced in July an agreed letter of intent, outlining the terms for ASU to acquire Thunderbird.
Crow says it would take a few months for the deal to be finalized.
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Information from: The Arizona Republic, http://www.azcentral.com
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