Mr. Cooper to Be Acquired by Rocket Companies in a $9.4B Deal

Mr. Cooper Group Inc. (COOP) and Rocket Companies, Inc. (RKT) have jointly announced an agreement under which the former will be acquired by the latter in an all-stock deal valued at $9.4 billion. This will create a mortgage behemoth in the United States, with the combined firm servicing$2.1 trillion of loans and 9.5 million clients. The acquisition will also enhance RKT's data capabilities, adding nearly 7 million new clients and 150 million annual customer interactions. This expanded dataset will improve ...