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Private Equity

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WaMu Soars on Rumors of $5 Billion Investment 

Apr 07, 2008By

Washington Mutual Inc. [stock WM][/stock] is nearing a deal for $5 billion in investment from the likes of private-equity titan TPG, according to a report published Monday in the Wall Street Journal. Shares of the Seattle-based bank soared on the news, jumping up nearly 35 percent in heavy trading Monday morning. From the WSJ: