May 4, 2007
Proposed Legislation Could Undermine Sallie Mae Buyout Deal
Congress may have a bit more influence over the ultimate success or failure of the proposed $25-billion buyout of the student-loan giant Sallie Mae than some members may have first realized.
That is because one of the conditions of the deal lets the buyers back out if the federal government adopts laws affecting the student-loan business that are "in the aggregate more adverse to the company and its subsidiaries" than the measures pending in March when Sallie Mae filed its annual
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