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December 4, 2008 11:16:34 AM CST


Friedman Fleischer and Lowe

Friedman Fleischer and Lowe news stories

2 Stories

Sallie Mae Sues Spooked Suitors

Student-loan giant refuses to renegotiate $25B buyout deal

(Newser) - College student lender Sallie Mae is suing a group of private equity firms and banks that are backing out of a $25-billion buyout deal. The group—J.C. Flowers & Company, Friedman Fleischer & Lowe, JP Morgan Chase and Bank of America—had set a deadline of today for negotiating new terms, or they'll walk away from the deal, despite a $900-million breakup fee, reports the New York Times . More »

More about:  JPMorgan Chase private equity Bank of America buyout Sallie Mae JC Flowers and Co Friedman Fleischer and Lowe

Loan Giant Sallie Mae Goes Private

Nation's largest student lender is
sold for $25 billion

(Newser) - A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity houses J. C. Flowers and Friedman Fleischer & Low. More »

More about:  business JPMorgan Chase private equity Bank of America finance student loans shares Sallie Mae Friedman Fleischer and Lowe

2 Stories

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