M&A · Financials · Finance Services
Rocket Companies, Inc. to acquire Mr. Cooper Group Inc.
Announced Mar 31, 2025 · Closed Oct 1, 2025
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Rocket Companies, Inc. (RKT)
- Target
- Mr. Cooper Group Inc. (COOP)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Oct 1, 2025
Deal protections
- Break fee (target pays)
- $307M
- Reverse fee (buyer pays)
- $500M
- Go-shop
- No-shop
- Financing
- Committed · JPMorgan
Advisors
- To the acquirer
- Not disclosed
- To the target
- Citigroup
- Citigroup fee
- $55.0M
Sector context · Financials
- Comparable deals
- 59 in the prior 24 months
- Premium
- Sector median 34.5%
- EV / Adj. EBITDA
- Sector median 12.5x
- Break fee
- Sector median 3.5%
Timeline
- AnnouncedMar 31, 2025
- Proxy filedJul 31, 2025
- Definitive proxyJul 31, 2025
- Shareholder voteSep 3, 2025
- ClosedOct 1, 2025
Valuation · fairness opinions
Discounted cash flow$107.77$142.97
Discounted cash flow$11.86$14.04
Trading comparables$103.87$138.49
Trading comparables$8.85$13.28
Future share price$84.45$141.11
Implied value per Mr. Cooper Group Inc. share by analysis, from Citigroup · DCF discount rate 13%–14.2%.