M & A wrap: WaMu eyes bankruptcy exit

December 13, 2011

Washington Mutual, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings.

Three former WaMu executives have agreed to settle a civil lawsuit, marking the latest setback for the government in a high-profile, financial-crisis-related case, according to the Wall Street Journal. The Deal Journal also has a roundup of financial crisis legal settlements.

An independent arbitrator cleared the way for mining group Rio Tinto to take over Ivanhoe Mines, saying the $16 billion Canadian group’s “poison pill” defense was not valid.

Mitt Romney’s experience at Bain Capital is being searched by his critics for ammunition in the presidential campaign, and by others for clues as to how he would perform as president, NYT’s DealBook writes.

Exchange operators NYSE Euronext and Deutsche Boerse offered more divestments in a bid to assuage European authorities’ antitrust concerns over their proposed $9 billion merger.

The Wall Street Journal looks at Facebook’s $10 billion question.

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