Replies to post #187090 on Mr Cooper Group Inc fka COOP

[hestheman]

I think they know they will have to pay more for us than they did Bear Sterns, that's why this has not been settled yet.

[SlyOne]

Thats the wrong logic IMO.

Better: would be Citi, Wach and Wells.
They had a deal, then didnt.

Would go to show transaction completed. Vs, FDIC/OTS job of valuation.

And, the data can be gleened from old press releases and trading data.

I tried once but got pissed at WEIL BS, never completed the work. But, the idea is very clean.

[GO4AWILDRIDE]

Why are u hanging your hat on that $7.62 number?

If this was a 300 billion company with all the subs and the bank why would you settle for $7.62 that only equates to 12.95 billion a far cry to the 300 billion that was taken.


GO WAMMMMUUUU

[XOM]

michael: BSC fell to $2 upon announcement that JPMC would buy out the company at that price. Apparently a class-action lawsuit by shareholders against the merger, in addition to anger by former BSC employees who were vested in the company and now worked for JPMC, forced Jamie Dimon to quintuple the offer very quickly. BSC market PPS then rose above $10 on speculation that another, higher offer would be revealed.

IMO JPMC and the FDIC should aware of potential civil action bonanza WAMUQ may bring against them, especially when former WaMu employees join in.

GLTA


Article:
"Seeking Fast Deal, JPMorgan Quintuples Bear Stearns Bid"
http://blog.stocktickr.com/2008/03/17/bear-stearns-sold-for-2share-shocking-interview-with-ceo-last-week/

JPM PPS Reaction:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46586253

Lawsuit:
http://docs.google.com/viewer?a=v&q=cache:dGYmJ59Lr6oJ:lawprofessors.typepad.com/mergers/files/memorandum_opinion1.pdf+bear+stearns+shareholders+class+action&hl=en&gl=us&pid=bl&srcid=ADGEEShStL2_LVeOzN-W9DTtv0leK-bHRieQfoZj2zxV25pcFXyS997QWl-Mf9A29LparrrYE_ILEJmTJ56X3GyY2U-_2cJuSWfaC_5zS80__b_xtBYIR0D0hRbpdmp4wX7m8MupHijk&sig=AHIEtbRAp3qS2f66nTyrE-5ZlmJLda7Wvg