Behind every billionaire there is a story!

BET THE DEAL’S DONE

September 28, 2007 — Investors snapped up shares of Sallie Mae yesterday on hopes the student lender can reach a new deal with billionaire investor J. Christopher Flowers and his cohorts at Bank of America and JPMorgan Chase.

Sallie’s stock jumped over 9 percent yesterday to close at $49.12 - its highest close in over a month.

The move came after Flowers and his partners indicated late Wednesday that they were still interested in buying Sallie, but not for $60 a share.

read the rest published by Ny Post here:

http://www.nypost.com/seven/09282007/business/bet_the_deals_done.htm