Replies to post #452099 on Mr Cooper Group Inc (COOP)

[PickStocks]

Merger Predictions: KKR not WMIH: I guess WMIH gets the boot and BOD are clueless again.....................


KKR Makes Billion DOLLAR ANNOUNCEMENT!!!!!!!!!!!!!! .

FRANKFURT, May 23 (Reuters) - French household equipment manufacturer Groupe SEB said on Monday it agreed to buy German peer WMF for 1.02 billion euros ($1.14 billion) from private equity firm KKR.

Including debt and pension liabilities, the deal is valued at 1.7 billion euros.

WMF, or Wuerttembergische Metallwarenfabrik, makes high-end coffee machines mainly for cafes and restaurants as well as cutlery, pots and pans for retail consumers.

KKR acquired a controlling stake in WMF in 2012 from private equity firm Capvis in a deal valuing the group at about 600 million euros.