After threatening to walk away from its original $60 per share offer for Sallie Mae SLM , the investor group led by J.C. Flowers produced a new offer of $50 per share in cash along with incentive payments worth as much as $10 per share, depending on Sallie Mae's future performance. In our opinion, ...
Sallie Mae SLM announced Monday that it has agreed to be acquired by a group consisting of two private-equity firms, Bank of America BAC, and J.P. Morgan Chase & Co. JPM. The $60 per share cash offer is 20% above our existing fair value estimate; at first blush, we think this is a very good deal ...
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