""This means they can BUY BACK ~2.3 MILLION additional shares! They already repurchased more than 25 MILLION common shares of their stock and retired them!"""
TO me this is JUST ABOUT the number of shares ( 27 mill) that it would take to put common share holders BACK to their 51% majority holdings in COOP.
THUS A REQUIRED SHARE DISTRIBUTION
ALL imho and gonna be real fun to see just how this all plays(PAYS) out