Mr Cooper Group Inc (COOP)

[hotmeat]

IMO the TPS group could have played "hardball" and insist on being made whole since there was no clear or apparent ability for the estate to fully satisfy their claims.

This could have resulted in Pref's taking full control of WMIH, while leaving commons out. The compromise reached enabled both parties to benefit.

Commons were allowed compensation, while IMO, Pref's ability to gain above their "face" value was achieved. This is the agreement that I believe was reached.