Balking at the Buyer

Critics of Rider University’s (NJ)  plans to sell Westminster Choir College were not appeased last week when the university revealed the prospective buyer is a for-profit company based in China. If anything, they’ve grown even more opposed to the deal.  Faculty members and alumni are raising numerous concerns in the wake of Rider’s announcement that Beijing Kaiwen Education Technology Co. signed a nonbinding term sheet calling for it to pay $40 million to purchase Westminster’s $19 million endowment, facilities, programs and campus in Princeton, N.J.