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Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper" or the "Company") today announced that at a special meeting of Company stockholders held earlier today, its stockholders voted to adopt the Company's merger agreement with Rocket Companies, Inc. ("Rocket") (NYSE:RKT).
As previously announced, 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. Additionally, Mr. Cooper may declare and pay a dividend of $2.00 per share of Mr. Cooper common stock prior to the effective time of the transaction.
The final voting results of the Company's special meeting will be reported in a Current Report on Form 8-K filed by Mr. Cooper with the U.S. Securities and Exchange Commission.
Completion of the acquisition of Mr. Cooper by Rocket remains subject to the satisfaction or waiver of the remaining closing conditions.
