Canyon pulls Navient offer: SEC filing


Canyon Capital, which had offered to buy Navient Corp, has withdrawn its expression of interest for the student loan servicer, according to an SEC filing. Canyon also notified Navient of its plans to nominate a minority slate of directors to Navient’s board, the filing said. Earlier this week, Navient rejected a $3.2 billion offer from Canyon and Platinum Equity Partners because it was too low.