Sallie Mae Agrees to go Private for $25 bn
Excerpt from the InvestorGuide.com Stock of the Day on 4/16/2007

Sallie Mae, the largest student loan company in the U.S., has just announced plans to go private in a $25 billion arrangement. Rumors of the deal broke in an article in The New York Times on Friday, boosting the company's stock price by almost 15 percent before the markets closed for the weekend. Sallie Mae has been making headlines lately as it struggles with political pressure and scrutiny under the Democratic-majority Congress, most recently resulting in an agreement last week to modify some of its business practices. How will the buyout affect the company's political standing and what are its plans for the future? More >