Mr. Cooper's Final Trading Day Marks Rocket Companies Acquisition
Mr. Cooper Group (NASDAQ: COOP) has concluded its trading on the stock market today, following its acquisition by Rocket Companies. Shareholders approved the sale in September, with Rocket's CEO Jay Farner being considered for the deal. The acquisition, approved by Mr. Cooper shareholders on September 3, sees each Mr. Cooper share exchanged for 11 shares of Rocket Companies. The deal is set to close in the fourth quarter of 2022. Before the transaction, Mr. Cooper's board considered declaring and paying a dividend of $2 per share of common stock. Mr. Cooper's last day of trading marks the end of its independent run on the stock market. The acquisition by Rocket Companies is expected to bring significant changes and opportunities for shareholders.
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