Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, April 9, 2008

WaMu Turned Down JPM Before Taking Deal with TPG

JP Morgan Chase appears to have its finger in all the Wall St. pies.  Washington Mutual, which just got a $7 billion capital infusion from TPG, previously had been negotiating with JPM  about a stock tender offer that would have valued the WaMu stock at around $8, before turning it down.  Some WaMu shareholders think the JPM deal would have been better.  WSJ, WaMu's Hedge: CEO Called In Dimon & Co.

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