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Rocket Companies (RKT) expands its reach in the real estate market. Jenny Horne talks about the company's acquisition of Mr.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Mr. Cooper Group Inc. (NASDAQ: COOP) to Rocket Companies for 11.0 Rocket shares for each share of Mr. Cooper common stock is fair to Mr. Cooper shareholders. Upon completion of the proposed transaction, Mr. Cooper shareholders will own approximately 25% of the combined company. Halper Sadeh encourages Mr. Cooper shareholders to click here to learn more about their legal rights and opti.
CNBC's Becky Quick reports on the latest news.
Rocket Companies said on Monday it would buy home loan service provider Mr Cooper Group for $9.4 billion.
Combined company to service more than $2.1 trillion in loan volume Integrating Rocket's originations-servicing recapture flywheel with Mr. Cooper's servicing platform will drive down costs and improve the experience for the companies' nearly 10 million combined clients, representing one in every six mortgages Transaction is expected to generate annual run-rate revenue and cost synergies of approximately $500 million, contributing to organic revenue growth while increasing operating leverage and maintaining significant capital and liquidity.
Leon Cooperman has been investing for over 50 years, and even though the billionaire is approaching his 82nd birthday in April, he continues to look for excellent stocks to own and profit from.
Leon Cooperman is a well-known billionaire hedge fund manager, and although he does manage money on behalf of a few clients, the bulk of his hedge fund's assets are his own money.
Finance stocks like BCS, NWG and COOP perform impressively in February amid volatile market trends.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Mr Cooper (COOP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.