SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 21, 1999
THE STUDENT LOAN CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 16-1427135
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1-11616
(Commission file Number)
750 WASHINGTON BLVD. 06901
STAMFORD, CONNECTICUT (Zip Code)
(Address of principal executive offices)
(203) 975-6292
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On October 21, 1999, Citigroup Inc. proposed to acquire by merger the
outstanding shares of The Student Loan Corporation (the "Corporation") not
beneficially owned by Citigroup Inc. for $45 per share in cash. The transaction
would be conditioned on approval by the Corporation's board of directors and the
affirmative vote of at least two-thirds of the shares not beneficially owned by
Citigroup Inc. In addition, the transaction would be subject to customary
conditions.
The Corporation has formed a special committee of independent directors to
evaluate the proposal.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE STUDENT LOAN CORPORATION
(Registrant)
By: /s/ Bill Beckmann
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Bill Beckmann
President and Chief Executive Officer
Dated: October 22, 1999
