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NSM today bid about 1 1/2 $ million above OCWEN , auction not over for another week it is felt.
OCN 2.57B - 24m = 2.33B
NSM 2.67 B
OCN 2.92B - 24m = 2.68B???????????
Just imagine if BRK wouldn't have gottn in the way and the break up fee was 125m this would have been a done deal.
I'm sure NSM is in it to win but it's going to cost them quite a bit more. I just wonder if NCT , in the partnership is required to come up with their % share of the final price.
At least it is going to cost them an extra $24 Mill. That should help a little