(Reuters) - NEW YORK, April 16 - U.S. stocks were set to open higher on Monday, boosted by news of a $25 billion buyout of student loan company Sallie Mae, solid earnings reports and data pointing to continued strength in consumer spending.
Private-investment funds JC Flowers & Co. and Friedman Fleischer & Lowe plan to take a 50.2 percent stake in SLM Corp. , better known as Sallie Mae, the student loan company said.
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