February 13, 2018 / 11:07 AM / 5 months ago

BRIEF-WMIH Corp To Merge With Nationstar Mortgage

Feb 13 (Reuters) - WMIH Corp:

* 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: Further company coverage:

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