Rocket Companies Inc Stock News

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Mr. Cooper Group Inc. (NasdaqCM: COOP) to Rocket Companies (NYSE: RKT). Under the terms of the proposed transaction, shareholders of Mr. Cooper will receive 11.0 Rocket shares for each share of Mr. Coop...

Shares of Rocket Companies (RKT 11.90%) are soaring on Wednesday. The mortgage company's stock gained 11.3% as of 11:50 a.m.

Less than a month after the mortgage giant Rocket Companies moved to absorb the real estate platform Redfin, the company has already struck another major deal: This morning, Rocket Companies (NYSE: RKT) announced it has reached an agreement to acquire its home loan competitor, Mr. Cooper Group Inc. (NASDAQ: COOP), in an all-stock transaction valued at $9.4 billion.

Shares of the mortgage giant Rocket Companies (RKT -9.40%) were trading about 8% lower at 11:48 a.m. ET today, after the company announced plans to acquire the large mortgage servicing company Mr.

Rocket Cos. said Monday it would buy home loan service provider Mr.

Consumer lending stock Mr. Cooper Group Inc (NASDAQ:COOP) is surging today, up 18% at $123.30 at last glance, after news that fintech firm Rocket Companies (RKT) is acquiring the company for $9.4 billion in an all-stock deal as it looks to expand its mortgage-related offerings. RKT is moving lower after the news, down 7.8% at last glance.

Rocket Companies Inc (NYSE:RKT), the largest mortgage lender in the United States, will acquire Mr. Coooper Group (NASDAQ:COOP), the nation's leading mortgage servicer, in an all-stock deal valued at $9.4 billion.

Rocket Companies expands mortgage portfolio, follows Redfin deal with $9.4 billion acquisition of Mr. Cooper. The post Rocket Ramps Up Buying Spree With $9.4 Billion Mr.