Replies to post #125041 on Mr Cooper Group Inc (COOP)

[John Gyver]

How did you get that info? No one has been able to show proof of what PPS our legal team is trying to get for a settlement.

John Gyver

[climberprof]

This article says that:

"..........The newspaper cited unnamed sources close to the deal as saying that J.P. Morgan had made an all-stock bid for WaMu worth as much as $8 a share. But the bank rejected the deal, saying the offer was unclear and worth significantly less than $8 a share, the report said......"

http://www.marketwatch.com/story/wamu-spurned-jp-morgan-bid-before-striking-tpg-deal-report-200849101400

So, if the offer was clearly $8pps WMI might even accept it, who knows. Anyway $8pps or $5pps, whatever the actual offer was it is not wrothed to discuss it any further.

Best
Climber