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David Tepper Pulls Half Of Backing Of Shell Company Formed From Washington Mutual Bankruptcy

David Tepper (Trades, Portfolio), founder of Appaloosa Management, withdrew some support for the shell company that emerged from the bankruptcy of Washington Mutual during the financial crisis as it struggles to find an acquisition. WMIH Holdings Corp. (NASDAQ:WMIH) transitioned to an acquisition vehicle after exiting Chapter 11 bankruptcy in March 2012. [...]
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