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WEDNESDAY, NOVEMBER 25, 2009
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PREMIUM NEWS ARCHIVE

Sallie suitors scared off? "Wild West of the college loan business?".(SLM Corp. merger with Mustang Holding Co could fail due to legislative proposals in Congress and the Senate )

Article from: Investment Dealers' Digest Article date: July 23, 2007

SLM Corp., the student loan company better known as Sallie Mae, said Mustang Holding Co., which agreed to buy it in April, warned that legislative proposals in Congress and the Senate "could result in a failure of the conditions of the closing of the merger to be satisfied."

Mustang is owned by affiliates of J.C. Flowers & Co., Bank of America and JPMorgan. Sallie Mae said in a statement that it "strongly disagrees with the assertion" and plans to proceed towards the closing of the merger.

Sallie Mae last ...

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