Replies to post #125048 on Mr Cooper Group Inc (COOP)

[linda1]

A motive for revenge - "J.P Morgan executives were reportedly furious that WaMu had rebuffed the advance and immediately cut off negotiations"



The newspaper cited unnamed sources close to the deal as saying that J.P. Morgan had made an all-stock bid for WaMu worth as much as $8 a share. But the bank rejected the deal, saying the offer was unclear and worth significantly less than $8 a share, the report said.


J.P. Morgan executives were reportedly furious that WaMu had rebuffed the advance and immediately cut off negotiations, the Journal reported.