Replies to post #487930 on Mr Cooper Group Inc (COOP)

[newflow]

They had plans to buy WMI? hmmmm.

[RajuSondh1]

Flow: TPG $7 Billion WaMu Investment. APRIL 9, 2008

And TPG lost its $1.35 billion of its investment.
https://www.thebalance.com/washington-mutual-how-wamu-went-bankrupt-3305620
Updated August 28, 2017.

Who Suffered the Losses?
Bondholders, shareholders and bank investors paid the biggest losses. Bondholders lost all $30 billion in their investments in WaMu. Most shareholders lost all but two cents per share.

Others lost everything. For example, Texas Pacific Group lost its entire $1.35 billion investment. The WaMu holding company sued JPMorgan Chase for access to $4 billion in deposits. Deutsche Bank sued WaMu for $10 billion in claims for defunct mortgage securities. It said that WaMu knew they were fraudulent and should buy them back. It was unclear whether the FDIC or JPMorgan Chase was liable for many of these claims. TPG lost its $1.35 billion of its investment.. (Source: "4 Ways Washington Mutual Still Matters," Forbes, February 22, 2012.)

[ReikoBlack]

https://www.sec.gov/Archives/edgar/data/933136/000127727708000181/form8kapril72008.htm

10.1 Investment Agreement, dated as of April 7, 2008, by and between Washington Mutual, Inc., Olympic Investment Partners, L.P. and TPG Partners VI, L.P.

FTC - Olympic acquiring WMI -Mr.Bonderman

20081087: Olympic Investment Partners, L.P.; Washington Mutual, Inc.
DATE: May 8, 2008
TRANSACTION NUMBER: 20081087
ACQUIRING PARTY: Olympic Investment Partners, L.P.
ACQUIRED PARTY: Washington Mutual, Inc.
GRANTING STATUS: Granted
ACQUIRED ENTITIES
Washington Mutual, Inc.

Any clue of what it is about?

TPG group invested in WMI around April 2008 IMHO.

https://www.ftc.gov/enforcement/premerger-notification-program/early-termination-notices/20081087