Replies to post #528201 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

The "problem" is, they will receive WMIH shares only for a part of their NSM shares because the exchange of NSM shares to WMIH shares is subject to proration (according to the PR, because the total number of WMIH shares NSM holders will receive is fixed), and for the other part of their NSM shares they will suffer a loss because the other part will be cashed out with $18, and the bad thing is, they don't know for how many shares they receive WMIH and for how many shares they receive only $18 cash. So I would buy WMIH instead of NSM these days. No recommendation, only my opinion...

They can buy NSM now and elect shares by Thursday. Arbitrage players.