Replies to post #665996 on Mr Cooper Group Inc (COOP)

[PickStocks]

Really does anyone think kkr only had 11 million shares to sell back…..kkr were gifted millions and two seat on the board and as part of the selected to act as lead arrangers by coop……

Now, we have bk, LT and ownership change complete…one given back on the board and 500+ million used to buy back shares. 100+ was used in the 1st quarter. Kkr made out like bandits…..

Next stage execution so all old equity benefits or does it get dragged out longer.

[user_760014]

Bullshit

[novascotiaSTS]

When you say that KKR did not sell off its entire holding you are again directly contradicting official filings made by the company - for which they would be liable if found to be incorrect.

On August 2, 2021, the Company entered into a stock purchase agreement to purchase 11,073,245 shares of its Common Stock and 1,000,000 shares of its Preferred Stock from affiliates of KKR for total consideration of approximately $396 million or $33.25 per share, on an as converted basis. After giving effect to the transaction, KKR no longer held any equity interests in the Company.