Mr Cooper Group Inc (COOP)

[WingedOne]

Large Green,

As much as I would like to receive additional shares, I'm not sure I agree there will be an ownership change. We do know KKR will hold 43% of the company after/upon the merger, but who else is holding greater than 5% which would account for the remaining 8% that would trigger the change in ownership?

(https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140380270)

There are a lot of institutions holding, but from what I can see, no one else will be holding more than 55.85M shares that would make them a 5% holder at the time of merging when there will be 1.117B shares in the combined new company. (1.117B X 5% = 55.85M).

(from the PowerPoint presentation done by NationStar: https://platform.mi.spglobal.com/Cache/1001233292.PDF?O=PDF&T=&Y=&D=&FID=1001233292&iid=4288863)

Right now, with their warrants, KKR owns 68% of WMIH and so their ownership percentage will actually be going down upon the merger.

“An ownership change occurs if immediately after an owner shift or an equity structure shift; the percentage by value of stock of the loss corporation owned by one or more 5 % shareholders has increased by more than 50 percentage points over the lowest percentage ownership of such shareholders.”

(from page 9 of your link:
http://media.straffordpub.com/products/section-382-limits-on-nol-usage-following-an-ownership-change-2011-09-21/presentation.pdf)