FDC-WMIH Merger
This still has a high probability then any out there as no other speculation has so many dots connected. Nothing wrong in paying off debt by soliciting funds from equity. Hey, we couldn't do it ourselves. Another, reason of doing this could have been that some financiers were not on board to the possibility of making it happen. KKR still controls the decision on this. I say lets keep our eyes open :)
Every billion debt gone makes this an ideal candidate for leveraging NOLs as business model/profitability speaks highly in favor of merging them together. Lots of room to accommodate with 3.5 billion shares. Only problem in my view is that it sounds to good to be true :)
Why no reflection in the market? Because, FDC is private and WMIH price wouldn't jump on this possibility without addressing the debt that FDC has on its books
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