Mr Cooper Group Inc (COOP)

[jaysenese]

I think WMIH makes another acquisition soon, an all-debt transaction so that the stock ownership ratios don't change.

Mordicai pointed out that strange language in the filing, the one that seems to indicate that WMIH could make an interim investment in an existing business subsidiary without upending the NSM deal. We know that WMIH has a small, but operating insurance unit.

I read this about KKR today, from a Bloomberg article:

"KKR’s balance sheet is a unique tool for the private equity firm, which uses the $14.3 billion stash to invest in and alongside its funds, and to double down on certain investments. "

Perhaps KKR simply loans WMIH the money it needs to buy an insurance subsidiary unit from KKR itself. KKR has a couple of different insurance projects, as I recall. As leveraged as the upcoming NSM / WMIH deal will be, there is still a lot of room for increased leverage, which is KKR's forte and which should be possible under the advantageous income tax position the new company will be sitting in.

No new stock would be issued, but the NEW new company would be a lot larger.

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I am one of the people still locked out of BP for some reason.