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Stock impact report

Mortgage company Rocket buying Mr. Cooper in all-stock deal valued at $9.4 billion [Yahoo! Finance]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Yahoo! Finance
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. Most Read from Fast Company Cory Booker's 25-hour Senate speech is officially the longest on record. Here's why he did it Here's what happens to your student loan if the Department of Education disappears Amtrak is rolling out new trains with bigger windows, comfier seats, and higher speeds According to a press release, the proposed acquisition will expand Rocket Companies' servicing portfolio to $2.1 trillion in unpaid principal balance across 10 millions clients—meaning, by combining forces with Mr. Cooper and integrating its seven million clients, Rocket Companies will represent one in six mortgages across the U.S. The transaction has been unanimously approved by both Rocket Companies' and Mr. Cooper's Board of Directors, and is predicted to close in the f Show less Read more
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