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Share Name | Share Symbol | Market | Type |
---|---|---|---|
MR Cooper Group (delisted) | NASDAQ:WMIH | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.31 | 0.62 | 1.56 | 0 | 01:00:00 |
WASHINGTON, Feb. 14, 2018 /PRNewswire/ -- Capstone LLC, a leading provider of policy analysis for institutional investors and companies in the US and Europe, provided regulatory due diligence advice to mortgage company WMIH Corp. (Nasdaq: WMIH) on its acquisition of Nationstar Mortgage Holdings (NYSE: NSM), a provider of mortgage servicing, origination and technology solutions across the U.S.
On February 13th, WMIH and Nationstar announced they had entered into a definitive merger agreement. Upon completion, Nationstar shareholders will receive $1.2 billion in cash and WMIH shares valued at an estimated $702 million. In addition, approximately $1.9 billion of Nationstar's existing senior unsecured notes will be refinanced at closing, for total deal consideration of $3.8 billion. Private equity firm KKR & Co. (NYSE: KKR), which owns 24% of WMIH's voting shares, has agreed to support the Nationstar transaction. In its work for WMIH, Capstone conducted regulatory due diligence on mortgage policy at the federal and state levels.
About Capstone
Capstone is a leading policy analysis firm with offices in Washington, DC, and London, UK, providing strategic investment advice and regulatory due diligence to institutional investors and companies in the US and Europe. 2017 was a banner year for Capstone's regulatory due-diligence work, as we completed over 40 due diligence projects across the financial services, energy and healthcare verticals globally.
For more information about Capstone, please contact:
David Barrosse
Managing Partner
(202) 449-9861
dbarrosse@capstonedc.com
Erin Caddell
Director of Research
(202) 449-9864
recaddell@capstonedc.com
View original content with multimedia:http://www.prnewswire.com/news-releases/capstone-provides-regulatory-advice-to-wmih-on-nationstar-acquisition-300598649.html
SOURCE Capstone LLC
Copyright 2018 PR Newswire
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