Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Wednesday, 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.

http://lawprofessors.typepad.com/securities/2007/12/flowers-turns-d.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54fb50c928834

Listed below are links to weblogs that reference Flowers Turns Down Invite to Renegotiate Sallie Mae LBO:

Comments

Post a comment