Opponents Of Salle Mae Buyout Airing Radio Ads

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Opponents of Sallie Mae's bid to acquire the state's student loan agency began running radio ads aimed at fending off the hostile takeover. The campaign by the Coalition to Preserve Access to Higher Education comes as Sallie Mae executives are meeting this week with legislative leaders to convince them to override the board of Pennsylvania Higher Education Assistance Agency, which flatly rejected the $1-billion takeover offer. The radio ads will run for two weeks and call on listeners to contact their lawmakers and tell them to "say no" to Sallie Mae.

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