(Reuters) - Sallie Mae, officially known as SLM Corp., on April 16
accepted a $25 billion takeover bid from two private equity
funds, J.C. Flowers & Co. and Friedman Fleischer & Lowe, and
JPMorgan Chase & Co. and Bank of America Corp. .
For details, see [ID:nN16348651]
"Hedge funds taking short positions have been pushing CDS
spreads wider. We have seen only limited selling in cash
bonds," said Vincent Breitenbach, head of credit research for
the Americas at Barclays Capital in New York. "Short-sellers
will continue to lean on the spreads until they meet some
buying resistance."
Read more at Reuters.com Bonds News
accepted a $25 billion takeover bid from two private equity
funds, J.C. Flowers & Co. and Friedman Fleischer & Lowe, and
JPMorgan Chase & Co. and Bank of America Corp. .
For details, see [ID:nN16348651]
"Hedge funds taking short positions have been pushing CDS
spreads wider. We have seen only limited selling in cash
bonds," said Vincent Breitenbach, head of credit research for
the Americas at Barclays Capital in New York. "Short-sellers
will continue to lean on the spreads until they meet some
buying resistance."
Read more at Reuters.com Bonds News
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