Shares of Sallie Mae(SLM Quote) were among the NYSE's biggest winners Friday, jumping 11% after a media report said the student loan lender is in talks to be acquired for more than $20 billion.
The New York Times reported that Sallie Mae is discussing a buyout with a group of private equity firms, including Blackstone Group. The negotiations appear to be at a late stage, but several hurdles remain, the paper reported. Shares of Sallie Mae recently were trading up $4.51 to $45.26.
Shares of Lubrizol(LZ Quote) jumped 8% after the maker of engine oil previewed first-quarter earnings that were well above expectations. The company put its adjusted earnings at 98 cents a share. Analysts project earnings of 78 cents a share. A year earlier, the company posted adjusted earnings of 68 cents a share. ...
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