(Reuters) - JC Flowers & Co. and Friedman Fleischer & Lowe LLC plan to take a 50.2 percent stake in Sallie Mae, the paper reported, citing unnamed sources, while JPMorgan and Bank of America each would take 24.9 percent stakes.
The group plans to pay $60 per share for the student lender, also known as SLM Corp. , the Journal said.
Read more at Reuters.com Mergers News
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