Mr Cooper Group Inc (COOP)

[muyuan51]

Thank you for your kind words, if you look my posting history you will see that I never was a fan of lazy thinking.
I am sure that you could give me within 5 minutes some links, but you know, I did this DD myself already years ago when we (WMIH) entered the Agreements with KKR back in January 2015 (I know KKR invested in 2014 already $11 m), 'cause I was interested to see if KKR would "abuse" us as SPAC or if KKR was interested in a strategic partnership - if KKR thought of WMIH as SPAC I would have sold immediately my WMIH stock .... but I didn't have to sell !
KKR by its Tagar Olson is a serious source for me, so have a look what he has to say about their investment in WMIH on January 5, 2015:
Tagar Olson, Member and Head of KKR's Financial Services team, stated, "We are pleased to participate in the offering and invest additional capital in WMI Holdings, as we continue to see opportunities for the Company to grow and diversify its platform. Having partnered with the Company for over a year, we believe that WMI Holdings is well positioned as an acquiror and we believe it is capable of leveraging its resources to drive value as it executes on its acquisition strategy."
https://www.google.at/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=0ahUKEwjRq56k09bRAhWC2RoKHV03D30QFggnMAE&url=http%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fwmi-holdings-announces-completion-of-private-offering-of-600000-shares-of-300-series-b-convertible-preferred-stock-300015881.html&usg=AFQjCNHR5Hcv-Ml3sGk7lezr7j8riC3ogQ&sig2=pc3UCvQBnBbW8nCHqjYicg

Further on I was looking at the KKR 4th Qu.2015 Earning Call Transcript for mentioning of WMIH:

pg.4
Bill Janetschek, KKR & Co.L.P., CFO:
Our balance sheet was also active, deploying roughly $2.7 billion of capital. Some of the more noteworthy activity during the year includes our strategic partnership with Marshall Wace, seeding a new real estate vertical, buying back our shares, investing opportunistically in WMI Holdings, and continuing to anchor many of our investment vehicles with GP Capital.

pg.12
Chris Kotowski, Oppenheimer & Co. - Analyst [35]

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First, you highlighted WMIH in this release, and I'm wondering -- as a balance sheet investment -- and I'm wondering is that conceived of as a vehicle for investing or co-investing in ordinary private equity type investment, or is that a strategic tool for a strategic parent company investments, or how -- what should we expect to see there?

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[color=red]Scott Nuttall, KKR & Co. L.P. - Global Head of Capital and Asset Management [36][/color]

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Sure, Chris. It's a great question. So WMIH is actually a NASDAQ traded entity and think of it this way. It is the old holding company of Washington Mutual, which has a meaningful NOL. And so -- and there's lots of public disclosure that that entity puts out, so there's lots that you could find out about it. But the punchline from a KKR standpoint is we view it as a very interesting tax-advantaged vehicle for us to make some kind of strategic acquisition for KKR in the financial space or otherwise through that vehicle where we would have an ownership position in it.

(Just wonder how to do it with 42.5% of WMIH !!)

So in effect, we've got a tax-advantaged vehicle through which we have the option of going and doing something interesting with balance sheet capital. So I would think that almost as a tax-advantaged SPAC that we can use to go do some interesting things. It's not a client account, to be clear. It's actually a public company.

"Almost as a tax-advantaged SPAC" sounds interesting but is not a SPAC in the meaning of a SPAC - but of course, you know this !

pg.15
Scott Nuttall, KKR & Co. L.P. - Global Head of Capital and Asset Management [48]

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Sure. So Michael, on the first one, just to clarify one thing. In terms of being one quarter into our new distribution program, we've actually retained less capital. Because we spent more on the combination of the dividend and buybacks than we would have on our old distribution policy.

So thus, we are right in the long-term. We have the potential to retain more capital, but we've actually chosen to change the mix of how we're using our capital to buy back and the fixed distribution obviously.

And so the short answer -- it hasn't really changed the way we're thinking about M&A in this environment. We've mentioned that most of the businesses that we are in today, we would expect to grow organically as opposed to through acquisition. We've got some opportunities like WMI that we talked about that could be interesting to do some things from the non-inorganic standpoint, but no change in thought process there.

ir.kkr.com/common/download/download.cfm?companyid=KKR&fileid=875902&filekey=A5D88FB0-A320-4BD5-A4D9-13CFD2B0BD3D&filename=KKR_Q4_2015_Earnings_Call_Transcript.pdf



So, dear Sir, I have no standing motion but a standing question for you: Since neither KKR (my first source) nor WMIH are speaking explicitly about: "WMIH IS A SPAC FOR KKR" I still am asking you if you can produce some other SERIOUS LINK for your ALLEGATION: WMIH is a SPAC ???

But let me tell you some references you don't need to make as reputable sources, 'cause they aren't, they are claiming OPINIONS like all of the rest of us :

Fsshon:
08/01/2014: After WMIH merging with KFN, WMIH will be SPAC for
KKR !

Mr.Simpson_72:
09/27/2015: KKR Special Situation Fund & WMIH (SPAC)

If you look the KSSF -> No word about WMIH !

Troy Racki SA:
12/28/2015: WMIH Corp.: A Top Pick For 2016 !
I'm trusting dentists in repairing teeths far more
then in predicting stock rallys that never come !

IMOBIHO INSIDER MONKEY, GURU FOCUS or lately Shark Traders (01/04/2017) aren't worth the time spent on their pieces !

Oh, btw you mentioned the "KKR's conference call from last summer I believe, or possibly their 3Q call ....", the problem is the last mentioning of WMIH by KKR was done in the Q4 2015 KKR Earning Call, dated of 02/11/2016 !

And finally, I don't want at all to have "an educated exchange of thoughts on WMIH as a SPAC, rather than exchanging a bunch of mumbo jumbo" with you !
My simple question remains to be answered by you as you are a able minded person for sure : Show us please ONE (at least) SERIOUS link for your robust declaration: WMIH IS A SPAC OF KKR !