Investors End Deal To Buy Sallie Mae

One of the largest private takeovers in history -- the $25.3 billion buyout for college loan giant Sallie Mae -- unraveled yesterday after its buyers balked at the price, citing turmoil in the credit markets and federal legislation to cut subsidies to student lenders.
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David Cho and Thomas Heath

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Investors End Deal To Buy Sallie Mae

David Cho and Thomas Heath