Sallie Mae warns against abandoning buyout

September 20, 2007

Sallie Mae, the student lender based in Virginia, issued a statement today saying it expects a group of investors to follow through on a $25 billion acquisition agreement.

The statement was a response to New York Times article today that said the consortium of

J.P. Morgan Chase & Co., Bank of America and two private investment funds intends to negotiate a lower price or walk away from the deal.

Sallie Mae employs 2,300 workers in Fishers and another 500 in Muncie.

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