Mr Cooper Group Inc (COOP)

[hahawin]

No, It is purely about "NOL' tax credit protection. WMI is in B.K no need to worry about hostile takeover,the company power goes to the restructure office and of course the B.K judge. I don't know if you read the motion WMI filed and the court ordered on the motion. What part of document says preventing "hostile takeover"? I quote a part of the order as below, hope you can see it clearly:
It is FOUND that:

2. Unrestricted trading of certain equity interests in WMI during the pendency of the bankruptcy case could severely limit the Debtors’s ability to utilize the Tax Attributes for purposes of title 26 of the United States Code(the”Tax Code”), as set forth in the Motion:

3. The notification procedures and restrictions on transfers of WMI’s common stock, certain classes of preferred stock and options to acquire such stock are necessary and proper to preserve the Tax Attributes and are therefore in the best interests of the Debtors, their estates, and their creditors; and