DALLAS, May 25, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Washington Mutual Inc. (Pink Sheets:WAMUQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Washington Mutual Inc. (WAMUQ) is a consumer and small business banking company with operations in United States markets. The Company is a savings and loan holding company. It owns two banking subsidiaries, Washington Mutual Bank (WMB) and Washington Mutual Bank fsb (WMBfsb), as well as numerous non-bank subsidiaries. In September 2008, the Company filed for Chapter 11 bankruptcy.
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In the report, the analyst notes:
"Shares of WAMUQ declined 5.96% in Tuesday's trading, giving up gains made in the previous session on news of post-bankruptcy control settlement. WAMUQ, the holding company that owned Washington Mutual Bank, yesterday said it has reached a tentative deal with shareholders that could bring the Company closer to exiting bankruptcy."
"It was also agreed that a group of four hedge funds, known in the bankruptcy as the settlement noteholders, will provide a $100 million credit facility to the reorganized company so it can pursue acquisitions."
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