Mr Cooper Group Inc (COOP): https://seekingalpha.com/news/3330439-wm...

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iPrelude

Re: iPrelude post# 508244

Tuesday, 02/13/2018 9:02:05 AM

Tuesday, February 13, 2018 9:02:05 AM

https://seekingalpha.com/news/3330439-wmih-corp-finds-target-nationstar-mortgage

WMIH Corp. finds its target in Nationstar Mortgage
Feb. 13, 2018 7:01 AM ET|By: Stephen Alpher, SA News Editor
The former Washington Mutual, now with WaMu's legacy reinsurance business and essentially a special purpose acquisition company majority-owned by KKR, WMIH has about $600M of cash on hand and roughly $6B in net operating loss carryforwards which don't expire until 2032.

Nationstar (NYSE:NSM) owners can receive either $18 per share in cash or 12.7793 shares of WMIH common stock for each share of NSM they own. Nationstar shareholders will own about 36% of the combined company.

In toto, it's about a $4B deal. It's seen closing in H2.

A conference call is set for 8 ET.

Source: Press Release

NSM is flat premarket at $17.10. WMIH up 28% to $1.02.