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Flowers Fight Saps Sallie

Stock quotes in this article: SLM , JPM , BAC  

You won't find Sallie Mae (SLM Quote) sending bouquets to its estranged private equity buyers.

Sallie Chairman Albert Lord continued to snipe Thursday at the private equity group led by J.C. Flowers that is trying to walk away from a $60-a-share deal to take the student lender private. Lord said Sallie's soft third-quarter numbers reflect the energy the Reston, Va., company has spent battling with Flowers and his backers at Bank of America (BAC Quote) and J.P. Morgan (JPM Quote).

"It's costing us earnings momentum," Lord said on an earnings conference call. ...

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