According to Bloomberg Washington Mutual’s agreement with shareholders, aimed at ending opposition to the company’s more than $7 billion reorganization proposal, has fallen apart, three people with direct knowledge of the negotiations said.
The talks broke down over how to split up ownership of the only WaMu unit that will survive the collapse of the company, which is the former owner of the biggest U.S. bank to fail, one person with knowledge of the negotiations said….
Find out more at:
http://www.bloomberg.com/news/2011-06-15/washington-mutual-reorganization-accord-with-shareholders-said-to-collapse.html
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