(Bloomberg) -- A plunge in shares of SLM Corp.
yesterday has created a ``buying opportunity'' for investors as
the group planning to buy the largest U.S. student-loan provider
is unlikely to drop its offer because of congressional plans to
reduce subsidies for lenders, Thomas Weisel Partners Group said.
SLM, known as Sallie Mae, said yesterday it was warned by
buyers, led by private-equity firm J.C. Flowers & Co., that the
pending legislation ``could result in a failure'' to close the
purchase.
Read more at Bloomberg Stocks News
yesterday has created a ``buying opportunity'' for investors as
the group planning to buy the largest U.S. student-loan provider
is unlikely to drop its offer because of congressional plans to
reduce subsidies for lenders, Thomas Weisel Partners Group said.
SLM, known as Sallie Mae, said yesterday it was warned by
buyers, led by private-equity firm J.C. Flowers & Co., that the
pending legislation ``could result in a failure'' to close the
purchase.
Read more at Bloomberg Stocks News
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