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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (77424)4/8/2008 5:56:58 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
I have been tied up all day but from th article is about all I know.

In the capital plan, WaMu raised $1.54 billion from a sale of 176 million shares at $8.75 each. It also sold $5.5 billion of convertible preferred shares with an initial conversion price of $8.75. TPG will buy $2 billion of the securities.



To: Sr K who wrote (77424)4/8/2008 11:30:03 PM
From: mishedlo  Respond to of 116555
 
It's not really preferred!
WaMu Raises Cash, Skeptical Eyebrows
globaleconomicanalysis.blogspot.com
Mish


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