Mr Cooper Group Inc (COOP)

[bkshadow]

Yep. CYA for BOD. "They told us" to...

...do it.

...'they being the "financial advisors" retained to tell them what they already want to do?

...if there is a massive dilution from the re-negotiated Series B conversion rate 'downward; existing regular commons are back-door hit again.

...it will be pretty clear.

...they will cite 'competitiveness in the M&A market.

...they will cite 'high cost of capital for them versus other M&A buyers with lower internal funds 'low cost.

...they will cite 'uncertainty of corporate tax rate and impact on value of NOLs.

...classic KKR.

drkazmd65 Monday, 08/21/17 04:27:13 PM
Re: None
Post #
485270
of 485306 Go
The market really isn't going to like that PR for the 8-K.

Frankly - it is more than a bit concerning. Hiring a financial advisor to restructure the Class B shares 'just in case' they can't close a deal by January,...

Yucky!