Mr Cooper Group Inc (COOP)

[LuckyPanda]

LG, I dont think the s4v can happen simultaneously with the closing of the merger. Dont you think NSM shareholders who elected cash option would have been owed a notice of something like s4v event with old WMI estate that could potentially increase the value of the merged company significantly? In that case NSM sharholders may have wanted a higher cash election option.

So I would think any s4v event happening at the last minute to coincide with the merger would create many legal hurdles with the lack of disclosure to NSM shareholders.

My near term expectation right now is to see distribution to class 17 wmb notes. If that distribution happens this month then we'll have our absolute proof of safe harbor asset returns....and I would expect escrow payments before end of the year.