Nationstar Merging With Former WaMu Bank Parent
A news release Tuesday indicated that the parent of
Nationstar shareholders will receive
The combined board of directors will include three from
The statement said Nationstar's operations will continue as normal, and employees will join the combined company. Current senior leaders at Nationstar will carry on to lead the combined firm.
Currently, its primary business is a legacy reinsurance business operating in runoff mode. Its shareholders are institutional investors including its largest investor, KKR.
"An entity owned by investment funds managed by an affiliate of
Fortress, itself, was acquired by
KKR, which owns 24 percent of
Nationstar, which operates as "
It originated
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