Rocket Companies (RKT) said Monday it agreed to acquire Mr. Cooper Group (COOP) in an all-stock transaction valued at $9.4 billion.
Under the agreement, the company said Mr. Cooper's shareholders would receive 11 Rocket shares for each share of Mr. Cooper's common stock, representing a value of $143.33 per share, a 35% premium over the 30-day average price.
Upon completion, Rocket said its shareholders will own about 75% of the combined company, while Mr. Cooper's shareholders will own 25%.
The deal is expected to generate $100 million in additional pre-tax revenue and $400 million in pre-tax cost savings, with Rocket projecting immediate accretion to its adjusted earnings per share, the company said, adding that the transaction is expected to close in Q4.
The company said that Mr. Cooper's CEO, Jay Bray, will become CEO of Rocket Mortgage, while Rocket's Dan Gilbert will remain chairman.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。