J.C. Flowers & Co. LLC: Investor Group Offers to Terminate Merger Agreement

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NEW YORK, NY (MARKET WIRE) J.C. Flowers & Co., on behalf of itself and its partners Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM) released a letter sent today to Vice Chancellor Leo E. Strine, Jr. of the Delaware Chancery Court offering to terminate the Merger Agreement with SLM Corporation (NYSE: SLM), commonly known as Sallie Mae. The Investor Group also filed its Answer and Counterclaims in Sallie Mae's lawsuit, which

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