Mr. Cooper Group Inc. has provided an update on its merger agreement with Rocket Companies, Inc. The transaction, initially announced on March 31, 2025, involves Maverick Merger Sub, Inc. merging with Mr. Cooper, resulting in Mr. Cooper becoming a wholly owned subsidiary of Rocket. Furthermore, Mr. Cooper will subsequently merge with Forward Merger Sub 2, LLC. A noteworthy development is that the second director from Mr. Cooper who will join the Rocket Board has not yet been determined. Additionally, Mr. Cooper was not subject to a confidentiality agreement with a standstill provision at the time of the Merger Agreement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mr. Cooper Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-185671), on August 22, 2025, and is solely responsible for the information contained therein.