Reported 1 day ago
Rocket Cos. has announced its acquisition of Mr. Cooper Group Inc. for $9.4 billion in an all-stock transaction, positioning the combined entity to manage a substantial share of the U.S. mortgage market. With the deal, Rocket aims to enhance its mortgage servicing capabilities and expand its homebuying services. Mr. Cooper shareholders will receive 11 Rocket shares per share owned, with the deal expected to conclude by the end of the year pending regulatory approval.
Source: YAHOO