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Investor Group Buying Sallie Mae for $25 Billion

April 15, 2007

Sallie Mae said on Monday it had accepted a $25 billion takeover bid from two private-investment funds along with JPMorgan Chase & Co. and Bank of America Corp. in one of the largest ever buyouts of a financial company.

*For more on this story,

read the full Reuters article.

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Investor Group Buying Sallie Mae for $25 Billion

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