79 mill shares X's $50.97 ='s 4 bill add on a 20% premium and your at 5 bill.
Now CONSIDER that imho WMI backed the NSM loan for 2.7 bill and only 2.3 bill difference if they assume the loan and buy out COOP/WMIH at a 20% premium over current PPS in the market.
Let's say that even if IF IF WMI only has say 24 bill (32-8='s 24) that still leaves way more than enough to do the deal DON'T IT???
Like 19 bill, but WHAT IF IF IF they do have say 150-600 bill at their avail?? CHUMP CHANGE