Mr Cooper Group Inc (COOP): every single P's owner must accept it...

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Mr Cooper Group Inc (COOP)

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Alias Born	12/17/2009

Re: mmafr post# 231442

Friday, 08/20/2010 10:34:12 AM

Friday, August 20, 2010 10:34:12 AM

every single P's owner must accept it

Not 100% true. Of those that vote, over 50% of people have to approve it as long as they hold 66% of the value in question. BK 1126(c).

So actually, after the plan is proposed, commons could come in and buy pref's to get a chance to vote on it.

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