Middlebury College Merger

Middlebury College has always been known for its undergraduate programs in the liberal arts, especially in languages. The college has become increasingly popular with applicants in recent years, but officials have struggled to figure out whether and how to expand its small graduate program.
The college may have an unusual solution: taking over a graduate school.
The Monterey Institute of International Studies, a California graduate school with a strong academic reputation but struggling finances, approached Middlebury about a possible deal, and the two institutions are in serious discussions about an acquisition.
For Middlebury, assuming control of the institute could make it an immediate player in graduate education, expand its visibility on the West coast, and help build its connections to Asia (a strength of Monterey by virtue of its academic priorities and its Pacific location).
For Monterey, the deal could mean survival. While institute officials declined to discuss specifics, the college has been in financial trouble for some time. Two years ago, it briefly explored the possibility of becoming part of the University of California at Santa Cruz, but those talks fell apart amid California’s budget crisis.

Full Story: http://www.insidehighered.com/news/2005/04/21/mid