Mr Cooper Group Inc (COOP): Fortress wanted to sell Nationstar since...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	73
Posts	8936
Boards Moderated	0
Alias Born	06/05/2014

JusticeWillWin

Re: Mr_Simpson72 post# 516830

Wednesday, 04/18/2018 6:21:31 AM

Wednesday, April 18, 2018 6:21:31 AM

Fortress wanted to sell Nationstar since October 2017

https://seekingalpha.com/news/3305837-nationstar-mortgage-considering-sale-bloomberg

KKR & SOFT BANK (Two players teaming up)

The more I think about this merger the more perplexed I am in regards of how NATIONSTAR a leader in their industry sells for a minority stake of 36% to WMIH a shell with 4 employees that regains 64% of the new company. I mean Nationstar has 7600 employees...services a massive amount of mortgages & suddently they decide to sell the Business?

KKR & SOFTBANK must have something extremely solid on each side to decide to team up... but in our case WMIH & KKR must have something else other than $6 Billion in NOLs (1.2 Billion value) over the course of years to have convinced FORTRESS to give in their majority.

What do you guys think? are we missing something?

---------------------------------------------------------
- Just my personal opinion, no investment advice! -
---------------------------------------------------------