Replies to post #413039 on Mr Cooper Group Inc (COOP)

[Nightdaytrader]

Blueefox, how do you come up with TPG owning 870M shares of wamu? When I read wallstreet journal article below, I don't come up with your number.. Can you help me with math?

thanks,
ND9
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"TPG agreed to purchase 822,857 shares of common stock at $8.75 a share; 19,928 shares of convertible preferred stock at $100,000 a share; and warrants exercisable to purchase 57,142,857 shares of common stock at the lower of 115% of an average closing price after the company's first-quarter earnings announcement or $10.06. Those details, while esoteric, have been highly sought by investors wanting to gauge the favorability of the investment group's terms."


http://www.wsj.com/articles/SB120795578818409223