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JusticeWillWin

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JusticeWillWin

Re: seamus3500 post# 512603

Thursday, 03/08/2018 11:13:21 AM

Thursday, March 08, 2018 11:13:21 AM

Post# of 729919
They decide if they want cash or WMIH stock in the second half of the year, shortly before closing the merger.

https://www.sec.gov/Archives/edgar/data/1520566/000119312518072479/d492124dex991.htm

See the timeline on page 13

or the first sentence on page 14:

"Shortly before closing, each shareholder will have the option to elect to receive either $18 in cash or 12.7793 shares of WMIH common stock..."

This is no problem, because of the number of NSM shares receiving cash / WMIH stock is fixed (see second sentence on page 14)

Sorry, if it has been brought up, but when do the NSM shareholders have to submit if they want the cash or new shares?

 

  
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