Stockholders Approve Upromise Sale

August 16, 2007 · 0 comments

As announced in April, SallieMae — Upromise’s parent company — is in the process of being bought out by an investor group that includes JP Morgan Chase and Bank of America. Just as an update, SallieMae’s shareholders approved the sale yesterday. I don’t see any estimates of when the sale will be complete, and of course nobody knows how (if at all) the sale will impact the Upromise program.

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