Mr. Cooper Group Inc. (COOP): $134.21
Market Cap: $8.59 B
Deal Size: $9.4 B
Rocket Companies (RKT) entered a merger agreement on March 31, 2025, to acquire Mr. Cooper Group in an all-stock deal valued at about $9.4 billion, expanding its mortgage business with its second major transaction in less than a month. Under the agreement, Mr. Cooper shareholders will receive a fixed exchange ratio of 11.0 Rocket shares for each share of Mr. Cooper common stock, valuing the transaction at $143.33 per share, a 37.17% premium over the stock’s last close.
The deal, expected to close in the fourth quarter of 2025, follows Rocket’s recent $1.75 billion acquisition of real estate listing platform Redfin (RDFN) last month.