Mr. Cooper Shareholders Give Green Light to Merger with Rocket Companies
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Merger Agreement Approved: Mr. Cooper Group shareholders have voted to approve the merger agreement with Rocket Companies, entitling Mr. Cooper stockholders to receive 11 shares of Rocket for each share of Mr. Cooper common stock held.
Valuation and Dividend: The deal values Mr. Cooper shares at approximately $196.68 each, reflecting a 3.9% premium over the recent closing price, and includes a potential $2 per share dividend before the transaction is finalized.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
