Navient to sell Government Services business to Gallant Capital
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: GlobeNewswire
HERNDON, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it has reached an agreement to sell its Government Services business to an affiliate of Gallant Capital Partners, LLC, a Los Angeles-based investment firm. Navient’s Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery and Navient BPO. Approximately 1,200 employees will be included in the transaction, which is expected to close in the first quarter of 2025, subject to certain conditions. Additional information can be found in the 8-K filed by Navient today. Navient was advised on the transaction by Houlihan Lokey and WilmerHale. About NavientNavient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results fo
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NAVI
News
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at Bank of America Co. from $17.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Navient to Divest Its Government Services Unit to Gallant Capital [Yahoo! Finance]Yahoo! Finance
- Navient to sell Government Services business to Gallant Capital [Yahoo! Finance]Yahoo! Finance
- Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say [Business Insider]Business Insider
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at JPMorgan Chase & Co. from $15.50 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
NAVI
Earnings
- 10/31/24 - Beat
NAVI
Sec Filings
- 12/26/24 - Form SCHEDULE
- 12/26/24 - Form 8-K
- 12/23/24 - Form 8-K
- NAVI's page on the SEC website