Thanks! The biggest "coup" IMO would be if KKR buys Fortress from Softbank just before the WMIH <--> NSM merger closes (or shortly thereafter). Softbank paid $3.3B for Fortress (with cash) in Dec. 2017.
So then there would be no doubts if Fortress OR KKR will be the biggest holder of WMIH
Absolutely feasible for KKR in my opinion if they really want to increase their ownership in WMIH up to (the allowed) 42.5%. And IMO they would avoid the problem of "just NOL shopping".
JusticeWillWin: Great analysis! I believe KKR will end up with majority but nevertheless KKR-Fortress (Softbank) will be leading this company forward.
Right now its the State Government approvals that are holding us since NSM Inverstor Relations email confirmed but I am hopeful in June we will get clearance.
Exciting times ahead.
Thanks for your great DD as always!
--------------------------------------------------------- - Just my personal opinion, no investment advice! - ---------------------------------------------------------
AI
