Murder by credit crisis: busted deals

A spate of big mergers announced in the first half of 2007, including three planned by Cerberus, died after the markets froze in August.

SLM (Sallie Mae)
SLM (Sallie Mae)
Buyer: J.C. Flowers, Bank of America and J.P. Morgan Chase
Acquisition price (including net debt assumed): $25.5 Billion
Reason given for termination: Buyers said SLM suffered a material adverse effect. SLM has sued to obtain a $900 million termination fee.
Sources: Thomson Financial; Fortune Research
Last updated January 23 2008: 9:22 AM ET
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