Rocket Companies ( (RKT) ) has provided an announcement.
On March 31, 2025, Rocket Companies announced a definitive agreement to acquire Mr. Cooper Group Inc. in an all-stock transaction valued at $9.4 billion. This merger aims to create a combined servicing portfolio of $2.1 trillion, enhancing Rocket’s market position by integrating Mr. Cooper’s servicing platform with Rocket’s origination capabilities. The transaction is expected to generate significant revenue and cost synergies, contributing to organic growth and increased operating leverage. The merger, which has been approved by both companies’ boards, is anticipated to close in the fourth quarter of 2025, pending shareholder and regulatory approvals.
More about Rocket Companies
Rocket Companies is a Detroit-based fintech platform that operates in the mortgage, real estate, title, and personal finance sectors. Known as the nation’s largest lender, Rocket Companies focuses on providing an integrated homeownership experience through its advanced technology and data-driven services.
YTD Price Performance: 22.29%
Average Trading Volume: 5,088,566
Technical Sentiment Signal: Sell
Current Market Cap: $26.01B
See more data about RKT stock on TipRanks’ Stock Analysis page.