Sallie Mae Cuts Earnings Forecast, Says Takeover Talks Over

  • 12 Dec 2007
Sallie Mae cut its 2008 forecast of earnings of $3.25 per share to earnings in the $2.60-2.80 per share range while saying that talks have broken down with an investor group over a potential buyout. The investor group, led by J.C. Flowers, Bank of America and JPMorgan, which ...

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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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5 Credit Suisse 47,533.25 150 7.07%