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NSM - Nationstar Mortgage Holdings Inc News Story

$18.27 0.0  0.0%

Last Trade - 30/07/18

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £1.35bn
Position in Universe th / 7008

BRIEF-WMIH Corp To Merge With Nationstar Mortgage

Tue 13th February, 2018 11:00am
Feb 13 (Reuters) - WMIH Corp  WMIH.O : 
    * PRESS RELEASE - WMIH CORP. TO MERGE WITH NATIONSTAR 
MORTGAGE, A 
LEADING SERVICER AND ORIGINATOR 
    * WMIH - CONSIDERATION PAYABLE TO NATIONSTAR SHAREHOLDERS 
WILL 
CONSIST OF $1.2 BILLION CASH AND WMIH SHARES ANTICIPATED TO BE 
VALUED AT ABOUT $702 MILLION 
    * WMIH CORP - NATIONSTAR SHAREHOLDERS MAY ELECT TO RECEIVE 
$18.00 
IN CASH OR 12.7793 SHARES OF WMIH COMMON STOCK FOR EACH SHARE 
THEY OWN 
    * WMIH CORP - KKR, WHICH OWNS 24% OF WMIH'S VOTING SHARES, 
HAS 
AGREED TO SUPPORT TRANSACTION 
    * WMIH - FUNDS MANAGED BY FORTRESS INVESTMENT GROUP 
AFFILIATE, 
HOLDING 68% OF NATIONSTAR'S VOTING SHARES, HAS CONTRACTUALLY 
AGREED TO SUPPORT DEAL 
    * WMIH CORP - NEW OPERATING BUSINESS WILL RETAIN NATIONSTAR 
MORTGAGE NAME AND DALLAS HQ AND, AT LEAST INITIALLY, BE TRADED 
ON NASDAQ UNDER TICKER "WMIH" 
 
Source text for Eikon:  ID:nBw88mSLVa  
Further company coverage:  WMIH.O  
 
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