Mr Cooper Group Inc (COOP)

[JusticeWillWin]

JPM must pay book value - another proof and crystal clear now

Look at my 3 previous posts here...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115592609
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115593026
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115593431

...and then when you know what a "purchase premium" is look at page 4 of JPM's original bid form:



Source: http://sidedraught.com/stocks/WashingtonMutual/JPMorgan%2520Chase,%2520N.A.%2520Bid,%2520September%252024,%25202008%2520(19%2520pages).pdf

Must be read as "a positive dollar amount paid by the acquirer...FOR THE PURCHASE of assets..."

It is as clear as day that the $1.88 bln. bid amount is only a premium FOR THE (IMO following) PURCHASE of assets and not FOR the assets THEMSELVES because it also states the same for a discount (negative bid amount) and THAT wouldn't make any sense at all!!! Even with a negative bid amount (the FDIC has to pay to the acquirer) the acquirer has to PURCHASE assets (IMO for book/market value as in Section 3.2 of the P&A):

A discount is a negative dollar amount to be paid by the FDIC to the acquirer for the purchase of assets and to assume certain liabilties of the Institution.

So for me, the premium or discount bid are only to be considered as a kind of "offset"