Replies to post #508955 on Mr Cooper Group Inc (COOP)

[jerrylev]

So this is confusing like hail. Apparently, NMS merges with KKR WAND, a subsidiary of WMIH, and not with the entire WMIH.

http://www.4-traders.com/WMIH-CORP-23894372/news/WMIH-CORP-Entry-into-a-Material-Definitive-Agreement-Other-Events-Financial-Statements-and-Exhi-25995417/

n connection with the contribution by KKR Fund Holdings L.P. ("KKR Fund") of 1,000,000 shares of WMIH Series A Convertible Preferred Stock and warrants exerciseable for 61,400,000 shares of WMIH Common Stock and KKR Wand Investors L.P. ("KKR Wand") of 200,000 shares of WMIH Series B Convertible Preferred Stock to KKR Wand Holdings and KKR Wand Investors Corporation ("KKR Wand Investors"), respectively, WMIH executed an amendment to a letter agreement, dated as of December 8, 2017, with KKR Fund and KKR Wand, to among other things, apply such Letter Agreement to KKR Wand Holdings and KKR Wand Investors.