T. Rowe Price Disapproves of Dell Deal and 3 Stocks that Have Hit 52-Week Highs

SLM Corp. (NYSE:SLM): Closing price $18.38

Sallie Mae has divested the residual interest in its SLM Student Loan Trust 2007-4 securitization to a third party, but will continue to service the student loans in the trust under the existing arrangements. The sale will remove student loan assets amounting to $3.8 billion and related liabilities of $3.7 billion from Sallie Mae’s balance sheet, and the proceeds from the transaction will add 8 cents to its 2013 GAAP and core earnings per share. Shares closed up 0.06 percent on the day at $18.38 and have traded in a 52-week range of $12.85 to $18.69.

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T. Rowe Price Group (NASDAQ:TROW): Closing price $74.21

T. Rowe Price  which holds roughly 4 percent of Dell shares, said that it would vote against the $24.4 billion-leveraged buyout offer from Michael Dell and Silver Lake Partners. Shares closed up 0.62 perecnt on the day at $74.21, having been traded in a 52-week range of $54.47 to $73.92.

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Time Warner (NYSE:TWX): Closing price $52.85

Three knowledgeable sources to CNNMoney say that Time Warner is in discussions through which to separate itself from Time Inc., its publishing business that generates $3.4 billion in annual revenue. The report cites one source who divulges that a serious buyer is in talks with the firm, with a meeting to discuss a potential deal that was scheduled for Wednesday. Shares closed up 0.67 percent on the day at $52.85 and have been traded in a 52-week range of $33.62 to $52.85.

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Versar (NYSE:VSR): Closing price $4.52

Versar reports that the United States Army Corps of Engineers, Middle East District, has exercised an option year for the firm’s ongoing Personal Services and Support contract in Iraq. The option year has a ceiling of no more that the value of $4.4 million and the period of performance runs through February 6, 2014. This option year adds to the original contract awarded in February 2012. Shares closed up 2.73 percent on the day at $4.52, having been traded in a 52-week range of $2.14 to $4.59.

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