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Miscellaneous

Giant Sallie Mae Takeover Moves Forward Amid Doubts

AUG 15, 2007 7:28pm ET

RESTON, Va. – Shareholders of student loan giant Sallie Mae overwhelmingly approved the $25 billion takeover of the company by a group of private equity firms and banks, but investor doubts continue on whether the deal will be consummated amid the growing crisis in the debt markets.

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