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ID: 33620
Title: Sallie Mae to sell itself in $25 billion LBO (Reuters)
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Graduates at a commencement ceremony at Columbia University in a file photo. Sallie Mae, the largest U.S. student loan company, said on Monday it would be acquired by two private-investment funds along with JPMorgan Chase and Co. and Bank of America Corp. for $25 billion. (Chip East/Reuters)Reuters - Sallie Mae, a student loan company under fire from regulators and lawmakers, said on Monday it had accepted a $25 billion takeover bid from two private equity funds, JPMorgan Chase & Co. and Bank of America Corp.
Category: Business/
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Date Added: April 16, 2007 10:30:42 PM
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