Rocket Companies to Buy Mr Cooper Group for $9.4 Billion in Mega US Real-Estate Deal
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10