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December 12, 2007
Flowers Turns Down Invite to Renegotiate Sallie Mae LBO
SLM Corp. (Sallie Mae), which is suing private equity firm J.C. Flowers for backing out of a deal to buy SLM, said that the firm turned down its invitation to renegotiate the terms. The $25.3 billion LBO was one of the biggest to blow up in the face of the credit markets collapse. WSJ, Flowers Won't Make New SLM Bid.
December 12, 2007 in News Stories | Permalink
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