Rocket Companies Announces Acquisition of Mr. Cooper in Major Merger

2025-03-31 | 8-K |Financial Services

Summary

On March 31, 2025, Rocket Companies, Inc. announced its agreement to acquire Mr. Cooper Group Inc. in an all-stock transaction valued at $9.4 billion. The deal, expected to close in Q4 2025, will create a combined entity servicing over $2.1 trillion in mortgage loans and benefiting from anticipated synergies of approximately $500 million annually. Mr. Cooper shareholders will receive 11.0 Rocket shares for each share of Mr. Cooper common stock. The transaction is subject to approval by Mr. Cooper shareholders and other customary closing conditions.

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Filing Categories

New Major Contract M&A Agreement No viable tag Regulation FD Disclosure No viable tag

Exhibits (4)

EX-2.1eh250610319_ex0201.htm650KB EX-10.1eh250610319_ex1001.htm26KB EX-99.1eh250610319_ex9901.htm36KB EX-99.2eh250610319_ex9902.htm41KB

About Rocket Companies Inc.

Rocket Companies Inc. is a leading fintech firm specializing in the financial services sector, particularly focusing on technology-driven mortgage lending and consumer financial solutions. The company is best known for its flagship brand, Rocket Mortgage, which revolutionizes the mortgage industry with its innovative online lending platform, allowing consumers to obtain home loans transparently and efficiently. This digital approach ensures a streamlined application process, enhancing customer experience by leveraging advanced data analytics and automated systems. Rocket Companies services a wide client base, encompassing individual homebuyers and real estate investors, significantly impacting residential real estate markets. Based in Detroit, Michigan, Rocket Companies has built a vast network through its digital-first business model, supporting home equity and personal loans, thereby playing a critical role in the modern real estate financing landscape. By doing so, the firm not only facilitates homeownership but also drives technological advancement within the financial services ecosystem, reflecting a broader trend towards digitization in the mortgage industry.

Exchange: NYSE Industry: Mortgage Finance Company Website →

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