Replies to post #513714 on Mr Cooper Group Inc (COOP)

[es1]

I was a little confused why wmih was trading below merger price and NSM was trading above.
This eod run does look like a cover to me.
But no telling. Could be a head fake but that was pretty expensive head fake. Who really knows when the subject is the most minipulated stock of the 21st century.

I saw something saying 60% are expected to take shares 40% cash.
I think that would be good for current wmih shareholders but that kind of estimate is above my paygrade.

[JusticeWillWin]

Because they cannot! The exchange is subject to proration.

From the PR:

https://www.businesswire.com/news/home/20180213005465/en/WMIH-Corp.-Merge-Nationstar-Mortgage-Leading-Servicer

Under the terms of the agreement, Nationstar shareholders may elect to receive $18.00 in cash or 12.7793 shares of WMIH common stock for each share of Nationstar common stock they own, subject to an overall proration to ensure that 32% of the total outstanding Nationstar shares are exchanged for the stock consideration.

Your post:

If you think its worth $10.00 why not spend $2.00? Gotta ask, is this a head fake? Why wouldn't all NSM shareholders take WMIH shares? confused