Mr Cooper surges on $9.4 billion takeover deal with Rocket Companies

Rocket Companies

31/03/2025 13:07

** Home loan service provider Mr Cooper's COOP.O shares rise 26.6% to $132.03 premarket

     ** Mortgage lender Rocket Companies RKT.N says it will buy Mr Cooper Group COOP.O in an all-stock transaction valued at $9.4 billion

     ** Under the deal, COOP shareholders will get 11 RKT shares per COOP common stock, at a $143.33 offer price — a 36.6% premium on Mr Cooper's last close

     ** Earlier this month, RKT said it would buy real estate listing platform Redfin RDFN.O in an all-stock deal valued at $1.75 billion

** As of last close, COOP stock up 8.8% YTD

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com))