Rocket to buy Mr. Cooper in $9.4B mega US real-estate deal
1. Rocket to acquire Mr. Cooper Group for $9.4 billion, enhancing mortgage business. 2. Recent housing market recovery benefits from improved inventory and lower bond yields. 3. Rocket's acquisition of Redfin valued at $1.75 billion earlier this month. 4. Mr. Cooper deal projected to boost revenue by $100 million, cut costs by $400 million. 5. Rocket's stock fell 7.5% despite Mr. Cooper's shares jumping over 18%.