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Miscellaneous

Lordly Sallie Mae Payout Hangs in the Balance

AUG 19, 2007 10:20pm ET

RESTON, Va. – Shares in Sallie Mae continued to trade around $48 Friday, a 20% discount from the $60-a-share offered by a group of hedge funds and banks, as arbitragers speculate that pending government cuts in student loan subsidies will kill the $25 billion deal.

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