March 31 (Reuters) - Rocket Companies said on Monday it would buy home loan service provider Mr Cooper Group for $9.4 billion.
Shares of Mr Cooper Group rose about 17% in premarket trading.
Under the agreement, Mr Cooper shareholders will receive 11 Rocket shares for each share of Mr Cooper common stock. The offer price of $143.33 per share represents a 36.6% premium to Mr Cooper's last close.
The all-stock transaction is expected to close in the fourth quarter.
This follows Rocket's announcement earlier this month that it would acquire real estate listing platform Redfin in an all-stock deal valued at $1.75 billion.