Wednesday, April 9, 2008
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.