Pa. agency rejects Sallie Mae purchase
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WASHINGTON (CBS.MW) -- A Pennsylvania education agency strongly rejected a purchase proposal on Monday from student lender Sallie Mae, saying that it is &quot;not now and never will be for sale.
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EMI Group Plc is expected to reject a  potential 2.5 billion pound ($4.92 billion) bid from private  equity firm Permira as being too low, the Times newspaper said  on Monday.
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UK music group EMI rejects a Â£2.1bn takeover from Warner Music as too low.
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SLM Corp. , better known as Sallie Mae, said on Thursday it restated nearly three years of financial statements because of several errors in its statement of cash flows.
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Gateway said Friday it had rejected a bid by the founder of the eMachines brand to purchase the retail portion of its business in a $450 million transaction, saying it "was not in the best interest of shareholders."
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The main union at Caterpillar Inc. said  its members voted on Sunday to reject the construction  equipment maker's contract proposal, the second time this year  the workers have voted against an offer.
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Shareholders of Eddie Bauer rejected a $286 million buyout offer from two investment firms.
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SLM Corp. , better known as  Sallie Mae, said on Thursday it restated nearly three years of  financial statements because of several errors in its statement  of cash flows.
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Student loan company Sallie Mae became a private company Wednesday, severing its ties with the federal government. Officials signed the final documents at the Treasury Department -- nearly four years ahead of a congressionally set deadline of 2008.
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An alliance of financial firms planning to acquire Sallie Mae has told the student loan company that legislation passed yesterday in the House could hurt its business and scuttle the proposed $25 billion deal.
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A telecommunications carrier cannot enforce agreements with two cable television carriers that prevent them from offering competing voice services in parts of Pennsylvania, according to a settlement with the U.S. Department of Justice.
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The California network-equipment maker says the $2.2 billion deal to be acquired by a Chinese telecom won't proceed, because federal authorities reviewing the proposed sale said security issues can't be resolved.
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Student lender Sallie Mae  said  on Wednesday the consortium that agreed to buy it for $25  billion does not expect to close the acquisition under the  terms of the merger agreement.
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BETHPAGE, N.Y. -- Shareholders of Cablevision Systems Corp. rejected on Wednesday a $10.6 billion bid by the company's controlling shareholders, the Dolan family, to take the New York-area cable TV provider private.
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INDIANAPOLIS -- A federal judge yesterday rejected a Boston investor's bid for ATA Airlines Inc.'s Chicago Express regional carrier as part of the airline's bankruptcy reorganization.
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One of the largest private takeovers in history -- the $25.3 billion buyout for college loan giant Sallie Mae -- unraveled yesterday after its buyers balked at the price, citing turmoil in the credit markets and federal legislation to cut subsidies to student lenders.
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A group of private equity firms and  banks have threatened to scuttle their planned $25 billion  buyout of Sallie Mae, the student lender said on Wednesday, in  the most dramatic sign yet that a once-booming takeover market  may be cooling.