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Student Lender Sallie Mae Plans $2.5B Stock Sale

Embattled stock drops 6.5% as investors fret

By Jim O'Neill, Newser User

Posted Dec 27, 2007 7:37 AM CST

(Newser) – With a credit rating bordering on junk-bond status, embattled student loan provider Sallie Mae plans a public stock offering to raise $2.5 billion, reports the Wall Street Journal. The company will use $2 billion to buy back its own stock futures, which have lost... Read full story »

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Student Lender Sallie Mae Plans $2.5B Stock Sale

Embattled stock drops 6.5% as investors fret

private equity • Sallie Mae • subprime mortgages • SLM Corp

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