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Miscellaneous

Failed Takeover Pushes Sallie Mae Deep into Red

OCT 11, 2007 9:47pm ET

RESTON, Va. – Student loan giant Sallie Mae yesterday said the effects of the would-be takeover of the company caused a third quarter loss of $344 million, or 85 cents a share, compared to a profit of $263 million, or 60 cents a share, for the same period last year.

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