Rocket’s $9.4 billion all-stock takeover of Mr. Cooper prompts its shares to decline

Rocket Companies (RKT) stock dropped 7.6% after it unveiled an agreement to acquire Mr. Cooper (COOP) for $9.4 billion in shares, boosting its mortgage servicing portfolio to $2.1 trillion in unpaid balances, or about one in every six U.S. home loans.

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​Rocket Companies (RKT) stock dropped 7.6% after it unveiled an agreement to acquire Mr. Cooper (COOP) for $9.4 billion in shares, boosting its mortgage servicing portfolio to $2.1 trillion in unpaid balances, or about one in every six U.S. home loans.Read more…