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Miscellaneous

Sallie Mae Calls on Suitors to Complete $25 Billion Takeover

SEP 20, 2007 10:10pm ET

RESTON, Va. – Student loan giant Sallie Mae yesterday told investors it expects a group led by mega-banks JP Morgan Chase and Bank of America to complete the $60-a-share acquisition of the company, even after passage of adverse student loan legislation that will cut lender subsidies by as much as...

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