Mergers & Acquisitions
May 9, 2014
Dealmakers
A roundup of recent merger and acquisition and financing activity and the lawyers involved.
Baker Botts advises in spinoff of loan management business
Baker Botts LLP represented SLM Corp. in the spinoff of its loan management, servicing and asset recovery business from its consumer banking business, a deal announced May 1.
The new company, Navient, will operate as an independent entity in which Sallie Mae will retain no ownership interest. Navient will service roughly $300 billion in studen...
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