The latest announcement is out from Mr Cooper Group ( (COOP) ).
On March 31, 2025, Rocket Companies, Inc. entered into a merger agreement with Mr. Cooper Group Inc., involving the merger of Maverick Merger Sub with Mr. Cooper, making Mr. Cooper a wholly owned subsidiary of Rocket. The merger, valued at $9.4 billion, involves an exchange of Mr. Cooper shares for Rocket’s Class A common stock and includes a special cash dividend for Mr. Cooper’s stockholders. The merger is subject to customary closing conditions, regulatory approvals, and stockholder votes, with provisions for termination under specified circumstances. Additionally, Mr. Cooper adopted a Change in Control Executive Severance Plan for its executive officers, excluding the CEO, providing severance benefits in case of employment termination following a change in control.
More about Mr Cooper Group
YTD Price Performance: 27.23%
Average Trading Volume: 686,923
Technical Sentiment Signal: Sell
Current Market Cap: $7.61B
For a thorough assessment of COOP stock, go to TipRanks’ Stock Analysis page.