WMIH Announces Final Results of Election of Preferred Form of Merger Consideration
As previously announced, Nationstar stockholders had the option to elect to receive either
After applying the automatic proration and adjustment procedures required by the merger agreement among WMIH,
- Nationstar stockholders who made a valid election for Cash Consideration will receive cash for approximately 94% of their shares and will retain stock for approximately 6% of their shares. More specifically, for each share of Nationstar common stock held,
$16.917371 in cash (approximately 94% of$18.00 ) and 0.7686 shares of common stock of WMIH (approximately 6% of 12.7793) will be distributed; and - Nationstar stockholders who made a valid election for Stock Consideration (including those deemed to have made an election to receive Stock Consideration) will receive 12.7793 shares of common stock of WMIH for each share of Nationstar common stock held.
No fractional shares of WMIH common stock were issued in the merger, and Nationstar stockholders will receive cash in lieu of any fractional shares of WMIH common stock.
About
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, WMIH's expectations or predictions of future financial or business performance or conditions. All statements other than statements of historical or current fact included in this press release that address activities, events, conditions or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and these statements are not guarantees of future performance. Forward-looking statements may include the words "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "strategy," "future," "opportunity," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in documents WMIH and Nationstar have filed or will file from time to time with the
Contacts
Or
[email protected]
View original content:http://www.prnewswire.com/news-releases/wmih-announces-final-results-of-election-of-preferred-form-of-merger-consideration-300690640.html
SOURCE
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News