Rocket Companies to acquire Mr Cooper in $9.4 billion all-stock deal
Rocket Mortgage is set to acquire Mr. Cooper in an all-stock deal valued at $9.4 billion, soon after acquiring Redfin. The merger will handle one in six US mortgages, adding 7 million clients to Rocket's portfolio. Jay Bray will become President and CEO of the combined company, expected to boost loan volumes and reduce customer acquisition costs.
Rocket Mortgage is set to acquire Mr. Cooper in an all-stock deal valued at $9.4 billion, soon after acquiring Redfin. The merger will handle one in six US mortgages, adding 7 million clients to Rocket's portfolio. Jay Bray will become President and CEO of the combined company, expected to boost loan volumes and reduce customer acquisition costs.
