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Rocket Companies Completes $14.2B All-Stock Acquisition of Mr. Cooper

Key Takeaways Rocket Companies acquires Mr. Cooper in a 14.2Ballstocktransaction.Thecombinedfirmmanages14.2B all-stock transaction.The combined firm manages 2.1T in mortgages for almost 10M clients.RKT expects 500Minannualbenefitsfromrevenuegainsandcostsavings.RocketCompanies,Inc. (RKT)hascompletedtheacquisitionofMr.CooperGroupInc.intermsofa500M in annual benefits from revenue gains and cost savings.Rocket Companies, Inc. (RKT) has completed the acquisition of Mr. Cooper Group Inc. in terms of a 14.2 billion all-stock transaction. This deal marks the largest independent mortgage acquisition in U.S. history.As a result of the acquisition, the combined company is expected to serve ...