Mr Cooper Group Inc (COOP)

[JusticeWillWin]

They don't look for a merger partner, they look for an acquisition target (both is called M&A). The biggest part (if not completeley) of this acquisition will be financed by cash IMO. They have the $600 million from the Series B conversion, and they said on the conference call they think the Series B holder "can stem the next round of financing". That is the reason they chose them...

Remeber, the failed acquisition in 10/2015 was a multi-billion dollar deal which did not fail "necessarily because of the money". So I think, they already had a commitment of the Series B holders to provide more money for a huge acquisition (multi-billion dollar deal)!

Gallagher said:

"That $11 million I can promise you was a for a multi billion dollar deal that we felt was within our grasp that would have fit us perfectly"


They also said, the failed deal was a business arm of a public company.

At that time, 3 parts of GE (General Electric) were sold ($30B in total), the smallest one was around $9 billion. All three went to Wells Fargo.

"PPS must be irrelevant to what is really going on here.... "

I thought they are looking for a merger partner??

Would they LIE to the shareholders?