Walter Investment Management Corp (WAC)

[pennyvestor]

'James salmon', I would think so, as the current share price is priced as if it went "belly-up" in which now, it will not. The company played hardball here basically stating "if you do not approve" you get nothing.

I've not seen this occur much in restructurings, but it's a brilliant plan by the company.

They have to get the restructuring done in a speedy manner because this company is similar to a bank, and the regulators can pull their license at any time if they see trouble. This is why they want it done by the end of 2017.

Monday will be interesting indeed.