(Reuters) - NEW YORK, April 16 - Sallie Mae, the largest U.S. student loan company, has agreed to be bought by two private-investment funds along with JPMorgan Chase & Co and Bank of America Corp. for $25 billion, the Wall Street Journal reported on its Web site on Monday.
JC Flowers & Co. and Friedman Fleischer & Lowe LLC plan to take a 50.2 percent stake in Sallie Mae, the paper reported, citing unnamed sources, while JPMorgan and Bank of America each would take 24.9 percent stakes.
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