Mr. Cooper Group Inc. announced on September 3, 2025, that its stockholders voted to adopt the company's merger agreement with Rocket Companies, Inc. This approval marks a significant step forward in the all-stock transaction, which is set to create a major integrated homeownership platform. The vote reflects strong shareholder confidence in the strategic rationale of the merger.
Under the terms of the merger agreement, Mr. Cooper stockholders are entitled to receive 11 shares of Rocket Class A common stock for each share of Mr. Cooper common stock they hold. This exchange ratio was part of the $9.4 billion equity value deal announced on March 31, 2025. The company also stated that it may declare and pay a dividend of $2.00 per share of Mr. Cooper common stock prior to the effective time of the transaction.
While stockholder approval has been secured, the completion of the acquisition remains subject to the satisfaction or waiver of other remaining closing conditions, including customary regulatory approvals. This milestone brings the companies closer to forming a combined entity that is expected to manage one in six U.S. mortgages and generate approximately $500 million in annual run-rate revenue and cost synergies.
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