Mr. Cooper in its $9.4 billion all-stock acquisition by Rocket

On March 31, 2025, Mr. Cooper Group Inc. (NASDAQ: COOP) and Rocket Companies, Inc. (NYSE: RKT) announced that they have entered into a definitive agreement for Rocket to acquire Mr. Cooper Group in an all-stock transaction valued at $9.4 billion, or $143.33 per share, based on Rocket’s closing price on March 28, 2025.  Under the terms of the agreement, Mr. Cooper shareholders will receive 11 shares of Rocket common stock in exchange for Mr. Cooper common stock and will own approximately 25% of the combined company.  In addition, Mr. Cooper will pay a $2 per share dividend prior to closing.

Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Mr. Cooper.