Brief: Mr. Cooper Group Says To Buy 11.1 Mln Common Shares, 1 Mln Preferred Shares From KKR Affiliates

Mr Cooper

03/08/2021 12:48

Aug 3 (Reuters) - Mr Cooper Group Inc  COOP.O :
    * MR. COOPER GROUP INC - TO BUY 11.1 MILLION SHARES OF ITS
COMMON
STOCK, 1 MILLION SHARES OF ITS PREFERRED STOCK FROM AFFILIATES
OF KKR FOR ABOUT $396 MILLION
    * MR. COOPER GROUP INC - AFTER GIVING EFFECT TO TRANSACTION,
KKR
NO LONGER HELD ANY EQUITY INTERESTS IN THE COMPANY
    * MR. COOPER GROUP INC -  KKR-NOMINATED DIRECTOR CHRISTOPHER
J.
HARRINGTON RESIGNED AS A MEMBER OF BOARD, EFFECTIVE CLOSING OF
TRANSACTION

Further company coverage:  COOP.O 

 ((Reuters.Briefs@thomsonreuters.com;))