Mr. Cooper's Final Trading Day Today Following Agreement with Rocket Companies.
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Mr. Cooper's Sale Completion: Mr. Cooper's last day of trading occurred after its sale to Rocket Companies was approved by shareholders on September 3, as noted in a Nasdaq delisting notice.
Shareholder Compensation: Under the sale agreement, Mr. Cooper shareholders will receive 11 shares of Rocket Companies for each share of Mr. Cooper stock they hold, along with a potential $2 per share dividend before the transaction.
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.
