Sallie Mae Cuts Earnings Forecast, Says Takeover Talks Over
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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