M&A Deal Status
We are all waiting to see what kind of merger and acquisition deal that WMIH can come up with to maximize the value of the company and use the NOL tax benefit. In the 3rd quarter 2013 10Q, the company reported: "The CS&D Committee has met regularly with Blackstone to discuss and evaluate potential transactions of varying size and across varying industries. During the quarter ended September 30, 2013, the CS&D Committee met six times. The foregoing notwithstanding, we have not, to date, identified and executed definitive documentation relating to any transaction." Most recently, in the 2014 1st quarter 10Q (released 5/9/14), the company reports: "The Corporate Strategy and Development Committee of our board of directors (the "CS&D Committee") meets regularly with Blackstone to discuss and evaluate potential transactions of varying size and across varying industries. During the quarter and year ended March 31, 2014 and December 31, 2013, respectively, the CS&D Committee met formally and informally numerous times and, since Blackstone's retention, we have contacted more than 100 potential counterparties, including more than 20 potential target companies. As of March 31, 2014, we had not executed definitive documentation relating to any acquisition transaction. " As far as I know, this is the first time that the company has confirmed that they have officially contacted 20 potential 'target' companies. Moreover, the number of meetings has grown to 'numerous' times vs. the 'six' reported in 3Q 2013. It sounds as if there will be the first of (hopefully) several deals announced relatively soon.
Maxi.... shhhhhhhhhhh sigue ladrando... que ya sabes lo que te va a pasar cuando llegue la primera operación con KKR ¿no? diras que ya lo sabias... y bla bla bla... tu salida a la palestra cuando hay presión bajista apesta de lejos.
Que Besugo haga de palmero tuyo ya no me coge de sorpresa... tranquilos que 2014 da para mucho juego. :) :) :)
Yo ahora mismo tengo 2 opciones...escucharos y acumular a estos precios ganga. Que siga la Fiesta...