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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Friedman Fleischer and Lowe

Friedman Fleischer and Lowe stories: 2 news summaries

Sallie Mae Sues Spooked Suitors

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

Oct 9, 07 5:45 AM CDT
(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... More »

MORE ABOUT:
private equity • Sallie Mae • Bank of America • buyout • JC Flowers and Co • Friedman Fleischer and Lowe • Albert Lord • JPMorgan Chase

Loan Giant Sallie Mae Goes Private

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

Apr 17, 07 8:37 AM CDT
(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... More »

MORE ABOUT:
private equity • Sallie Mae • student loans • Bank of America • J. C. Flowers • business • finance • shares • Friedman Fleischer and Lowe • JPMorgan Chase

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