Deal Snapshot
WMIH, NATIONSTAR MORTGAGE TO MERGE IN DEAL VALUED AT USD 1.9BN
Thursday 15 February 2018

Seattle, Washington, US-based acquisition company WMIH Corp. (NASDAQ: WMIH) has agreed to merge with Texas, US-based mortgage company Nationstar Mortgage Holdings Inc. (NYSE: NSM) and its flagship brand Cooper for USD 1.2bn in cash and USD 702m in WMIH shares, the company said.
Under the terms of the merger agreement, Nationstar shareholders may elect to receive USD 18 in cash per share or 12.7793 shares of WMIH common stock for each share of Nationstar common stock they own, subject to an overall proration to ensure that 32% of the total outstanding Nationstar shares are exchanged for the stock consideration.


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Details
Date Published: 15/02/2018
Target: WMIH Corp
Country: USA
Deal Size: 1.9bn (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Nationstar Mortgage Holdings
Buyer Advisor: Citi , Morgan Stanley and Co , Houlihan Lokey , Debevoise and Plimpton , PJT Partners , Davis Polk and Wardwell
Comment:


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