Replies to post #354133 on Mr Cooper Group Inc (COOP)

[es1]

dont think they would need to adjust the percentage Claw. if they are debt there will be a little less $$$ in the pot but we still get the 30%. I dont think it needs to be changed or it would be a double wammy. We lose a little and because we did the 30% is a smaller number. The take some of the % too? that doesnt seem right to me. If they are debt they wont need to lower the % of commons. They will lower the value of the percentage for Us and P's both by taking some of the cash for DIME.


Just logic not fact. I am clueless here. dont bet on my advise

[marayatano]

The current DS/POR assumes Dimes will be in with commons, in class 21, which may explain the 30% of the newco going to commons. Could well be that the 30% number assumes there will be an expanded number of commons due to the inclusion of the Dimes.

If Dimes are moved to a higher class, that 30% figure may be adjusted down to compensate. Another reason why the judge was given the authority to change the percentages.

Also, keep in mind, that TPS/REITS were converted to WMI preferrds that more than doubled the P & K float.

imo