Three months ago, with Washington Mutual's shares at $13.15, Forth Worth, Texas-based TPG and a group of investors agreed to buy $7 billion of stock at $8.75, a 33 percent discount. The stock slumped 35 percent yesterday to $3.23, leaving TPG's investment down 63 percent. TPG also has warrants to buy 57.1 million shares at $10.06 a piece.
Oh heck, it'll probably work out . . . .
Posts
Fiddlers 20 from Fiddler magazine
-
[image: fiddlers20_th]Fiddler magazine has come up with a unique way to
celebrate their 20th year of publishing. They have released a retrospective
CD/book...
11 years ago
No comments:
Post a Comment