Mr Cooper Group Inc (COOP): Because they cannot! The exchange is sub...

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JusticeWillWin

Re: gg4 post# 513714

Friday, 03/16/2018 4:55:51 PM

Friday, March 16, 2018 4:55:51 PM

Because they cannot! The exchange is subject to proration.

From the PR:

https://www.businesswire.com/news/home/20180213005465/en/WMIH-Corp.-Merge-Nationstar-Mortgage-Leading-Servicer

Under the terms of the agreement, Nationstar shareholders may elect to receive $18.00 in cash or 12.7793 shares of WMIH common stock for each share of Nationstar common stock they own, subject to an overall proration to ensure that 32% of the total outstanding Nationstar shares are exchanged for the stock consideration.

Your post:

If you think its worth $10.00 why not spend $2.00? Gotta ask, is this a head fake? Why wouldn't all NSM shareholders take WMIH shares? confused

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- Just my personal opinion, no investment advice! -
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