Why Shares of Mr. Cooper Group Are Blasting Higher Today

Shares of the mortgage-servicing company Mr. Cooper Group (NASDAQ: COOP) had blasted 16.3% higher at 10:38 a.m. ET, after the company announced that it had agreed to be acquired by the mortgage giant Rocket Companies.Rocket plans to buy Mr. Cooper Group in an all-stock deal that values the company at $9.4 billion, or $143.33 per share. The transaction represents a 35% premium to the company's 30-day average weighted share price. Mr. Cooper Group shareholders will also receive a $2 cash dividend per share prior to the deal's closing, which is expected to take place in the fourth quarter of this year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool