Replies to post #37685 on Mr Cooper Group Inc (COOP)

[Chiron]

That is what it is for. If JPM wants to buy them out, an offer is made. This is to protect WMI from a hostile takeover, or someone buying up all the shares under 10 cents...

[hahawin]

No, It is purely about "NOL' tax credit protection. WMI is in B.K no need to worry about hostile takeover,the company power goes to the restructure office and of course the B.K judge. I don't know if you read the motion WMI filed and the court ordered on the motion. What part of document says preventing "hostile takeover"? I quote a part of the order as below, hope you can see it clearly:
It is FOUND that:

2. Unrestricted trading of certain equity interests in WMI during the pendency of the bankruptcy case could severely limit the Debtors’s ability to utilize the Tax Attributes for purposes of title 26 of the United States Code(the”Tax Code”), as set forth in the Motion:

3. The notification procedures and restrictions on transfers of WMI’s common stock, certain classes of preferred stock and options to acquire such stock are necessary and proper to preserve the Tax Attributes and are therefore in the best interests of the Debtors, their estates, and their creditors; and

[freddy80]

Correct that is what is says.. So if a company wants it they have to submit a real buyout offer not just buy shares really cheap