Credit Services & Lending M&A » By The Online Investor Staff, updated Tue., May. 7, 8:32 PM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #45. Ascensus — 529 Plan Administration Business from Sallie Mae
Acquirer:
Ascensus
Acquiree:
529 Plan Administration Business from Sallie Mae (NASDAQ:SLM)
Details:
Ascensus, the nation's largest independent retirement plan services provider, and Sallie Mae (NASDAQ:SLM), today announced they have entered into a definitive agreement for Ascensus to acquire Sallie Mae's 529 college savings plan administrator, Upromise Investments, pending regulatory approval.
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Avg. Broker Rec.
 
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Strong Buy (3.62 out of 4) 63rd percentile
(ranked higher than approx. 63% of all stocks covered)
Analysts' Target Price: SLM Stock Forecast Based on Zacks ABR data; powered by Xignite |
