Sallie Mae to sell $2.5 billion stock, convertibles
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Sallie Mae  said on Wednesday  it plans to sell about $2.5 billion of stock and mandatory  convertible securities to help pay off derivatives contracts  that amounted to a bet that its share price would keep  increasing.
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Fannie Mae announced Wednesday that it has agreed to sell an aggregate of $5 billion in two placements of preferred stock to qualified institutional buyers, representing the largest capital placement ever undertaken by the mortgage-financing giant.
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Merrill Lynch is expected to report today that it will add about $2.5 billion more to the $5 billion in write-downs it has already announced, a person briefed on the situation said.
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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.
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Ping An Insurance (Group) Co  announced on Monday pricing details of its plan to sell $22 billion of new A shares and convertible bonds, the biggest equity refinancing by a Chinese company.
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Mortgage giant Fannie Mae, in a move to boost its capital reserves, late Wednesday priced shares for a stock offering that will raise $5 billion.
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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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Congressional investigators yesterday disclosed that Sallie Mae executives met with Bush administration budget officials in December, less than two months before the company chairman sold $18.3 million of Sallie Mae stock. Three days after the sale, President Bush unveiled a budget that included...
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The parent of Fidelity Investments, the mutual fund giant, owned 5.2 million shares of Google&#39;s Class A stock at the end of August, according to a regulatory filing on Friday.
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IKB Deutsche Industriebank AG, wracked by losses from the U.S. subprime mortgage crisis, will sell 1.5 billion euros ($2.2 billion) in shares as part of a government-sponsored bailout, provided its shareholders agree to the move.
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Sallie Mae Chairman Albert L. Lord yesterday sold 1.2 million shares -- a big chunk of his stock -- to meet the requirements of his "borrowing arrangements," the student lending giant said.
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The bank said it would sell a $5 billion stake to Chinaâs sovereign wealth fund as it posted a loss after taking a new $5.7 billion write-down related to mortgages.
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Fannie Mae (FNM.N: Quote, Profile, Research) , the largest US home funding company, said on Wednesday it has agreed to sell $5 billion worth of non-cumulative preferred stock in two placements to qualified institutional buyers
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The threatened buyout of student lender Sallie Mae may still go ahead -- but the $25 billion price tag could be negotiated down.
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Home Depot Inc  said on Tuesday that it would sell its wholesale supply business to buyout firms for $8.5 billion -- nearly 18 percent less than previously agreed upon -- as the U.S. housing slump and recent credit crunch forced renegotiation of the deal.
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The real estate arm of diversified  conglomerate General Electric Co.  agreed on Wednesday to  buy a $2.2 billion portfolio of U.S. industrial, residential  and commercial properties, but said it would sell some retail  properties to another investor.
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Delta obtains a commitment of $2.5bn in bankruptcy exit financing from a number of major institutions.