Mr Cooper Group Inc (COOP)

[Evintos]

It shouldn't nullify WMIH's NOLs. It would nullify or limit the acquired NOLs of something like KFN or MFF (IRC 382).

If KFN or MFF's NOLs are greater than WMIH NOL's ($6B) then it would be insane to trigger IRC 382 on KFN or MFF NOLs.

See post 443905 when a hypothetical of MFF was discussed. Specifically point 2B.

Post 443983 for another.

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If KKR sold an entity like KFN or MFF for greater than it's purchase price, it should get around the restrictions as well.

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Also only works because WMIH Corp is a publicly traded company and not a subsidiary of any other company.