Replies to post #423138 on Mr Cooper Group Inc (COOP)

[UncleBo]

Quote from: boarddork on Yesterday at 04:55:42 PM

Thanks to Tanjazielman for the find. Thanks for bringing this over DD.

Board,

Anyone remember the letter to the shareholders - March 19th...followed by the press release. This is a big deal, the language in this new regulation is consistent with what they said in the letter.

Uncle Bo

From the letter:

Over the last year, the Board of Directors and management of WMI Holdings Corp. continued to focus on our primary strategic objective of identifying, considering and evaluating potential mergers, acquisitions, business combinations and other strategic opportunities. As you know, the Company has not yet consummated a transaction, but identifying viable strategic opportunities remains the key focus of the Board of Directors and management.

From the regulation, page 89 second paragraph:

https://s3.amazonaws.com/public-inspection.federalregister.gov/2015-11229.pdf

The final rule revises and reorganizes the definition of “business combination,” § 5.33(d)(2), in several ways. First, § 5.33(d)(2)(i) now includes consolidations and mergers of Federal savings associations with state trust companies.