Friday, April 13, 2007

Sallie Mae shares surge on buyout report

(Reuters) - A private equity deal would be unusual for a financial company, because leveraged buyout deals typically require companies to take on more debt. Borrowing more can raise a company's funding costs, which could seriously squeeze profit margins of a lender like Sallie Mae.

Sallie Mae does not comment on market rumors or speculation, a spokesman said.


Read more at Reuters.com Hot Stocks News

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