NasdaqGS:SLMConsumer Finance
SLM’s Accelerated Buyback And Tech Hire Put Valuation In New Focus
SLM Corporation (NasdaqGS:SLM) has entered into a $200 million accelerated share repurchase agreement under its existing $500 million share repurchase authorization.
The ASR is structured to reduce the company’s share count more quickly than open market buybacks.
SLM has also appointed Steve Turner as Chief Technology and Enablement Officer, adding new leadership focused on technology efforts.
SLM is a major player in education financing and related services, operating in a sector that...