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Sallie Mae: Slm Corporation
built 283 days ago
Sallie Mae brought its action, SLM Corporation v. J.C. Flowers II, C.A. 3279-VCS, in Delaware's Court of Chancery last month. It asserted that buyers repudiated their merger agreement by reducing their offer on Oct. 2 from $60 to $50 per share. As a result, it said it is entitled to terminate the agreement and recover a $900 million termination fee.
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Sallie Mae (SLM Corporation) spent $2,758,700 for lobbying in the first half of 2007. Some of the lobbying firms used were Clark & Weinstock, Patton Boggs, Van Scoyoc Associates, Inc., and the individual Richard Hohlt. [4]
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RESTON, Va., Oct. 25 /PRNewswire-FirstCall/ -- SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today announced a 2008 first-quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend on the Preferred Stock Series A will be paid on Jan. 31, 2008 to shareholders of record at the close of business on Jan. 21, 2008.
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SLM, or Sallie Mae, was slammed by a $1.5 billion loss on equity forward contracts. In an equity forward contract, an issuer, like Sallie Mae, sells securities to a buyer for the current stock price. The issuer agrees to repurchase the shares for a greater amount in the future.
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Corporate Responsibility Officer has named Sallie Mae one of America's "100 Best Corporate Citizens" five times. Corporations (over 1,100 are evaluated) are selected according to community, governance, diversity, and environmental best business practices.
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