Sallie Mae Maintains $1 billion Bid for PA Student Lender

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001680-sallie-mae-maintains-1-billion-bid-for-pa/

Sallie Mae, the largest U.S. student loan company, said on Tuesday that it plans to continue to pursue its $1 billion offer for a Pennsylvania non-profit college student loan agency, despite initial rejection.

Reston, Virginia-based SLM Corp., more widely known as Sallie Mae, made the announcement one day after the Pennsylvania Higher Education Assistance Agency (PHEAA) rejected the unsolicited bid. The initial bid for PHEAA was made in a letter dated Dec. 14.

For this complete story, please visit Sallie Mae Maintains $1 billion Bid for PA Student Lender.

Sallie Mae Maintains $1 billion Bid for PA Student Lender

Unknown Author

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