Do I hear 25, 25 going once.....WaMu up for auction

[marmar]

WaMu puts itself up for sale, report says
Goldman started auction for nation's largest thrift several days ago
By Alistair Barr, MarketWatch


SAN FRANCISCO (MarketWatch) -- Washington Mutual, the nation's largest thrift, has put itself up for sale, the New York Times reported on Wednesday, citing unidentified people briefed on the matter.

Goldman Sachs , which has been hired to advise WaMu , started an auction several days ago, the newspaper reported.

Potential bidders that Goldman has talked to include Wells Fargo , J.P. Morgan Chase and HSBC, the paper said.

The Wall Street Journal reported that Citigroup and Wells Fargo have expressed an interest in buying WaMu.

A spokesman for WaMu did not immediately return an email seeking comment on Wednesday afternoon.

WaMu shares fell 13% to $2.01. The stock rallied 11% to $2.23 during after-hours action.


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