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flag Rocket acquires Mr. Cooper in a $9.4 billion deal, boosting its mortgage market share and client base.

flag Mortgage company Rocket is acquiring Mr. Cooper in a $9.4 billion all-stock deal. flag The acquisition will create a company representing one in every six U.S. mortgages and add nearly 7 million clients to Rocket's base. flag The deal aims to boost loan volumes and lower client acquisition costs, following Rocket's recent acquisition of Redfin. flag Rocket shareholders will own about 75% of the combined company, with Mr. Cooper shareholders owning 25%.

4 weeks ago
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