Mr Cooper Group Inc (COOP)

[xoom]

Yes $1.5 ish for each legacy UQ , pre 2012 reorg

Lets say somebody had 500,000 original UQ shares.
After the 2012 reorg, that was reverse split into
500, 000 * 0.03 = 15,000 WMIH commons

(Same conversion used in a potential transaction
1,200,000,000 total UQ released commons * 0.03 = 36,000,000 shares)

So presuming you get new COOP shares matching the above share count and COOP pps is say $50, total new value = 15,000 * $ 50 = $750,000
But when you consider your original count of UQ was 500,000 then value per UQ ( not per WMIH) is
$750,000 / 500,000 = $1.5 per UQ