1. Halper Sadeh LLC is investigating Mr. Cooper's sale to Rocket Companies. 2. COOP shareholders will own 25% of the merged company post-transaction. 3. The firm may seek increased consideration for COOP shareholders. 4. Other companies like HomeStreet and Allakos are also under investigation. 5. Legal action could impact shareholder confidence and COOP's stock price.
The investigation hints at potential fiduciary breaches, negatively affecting investor sentiment. Poor performance of similar cases historically led to negative price movements.
The article directly involves COOP's potential consortium with Rocket, affecting shareholder returns and legal implications.
The immediate legal scrutiny can influence COOP's stock price in the next few months, typically through market reactions to news.
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
’s sale to Rocket Companies for 11.0 Rocket shares for each share of Mr. Cooper common stock. Upon completion of the proposed transaction, Mr. Cooper shareholders will own approximately 25% of the combined company. If you are a Mr. Cooper shareholder, click here to learn more about your legal rights and options.
’s merger with Mechanics Bank. The proposed transaction values HomeStreet at a pre-transaction estimated equity value of $300 million. Upon completion of the proposed transaction, HomeStreet shareholders are expected to own approximately 8.3% of the combined company. If you are a HomeStreet shareholder, click here to learn more about your rights and options.
’s sale to Concentra Biosciences, LLC for $0.33 in cash per share. If you are an Allakos shareholder, click here to learn more about your rights and options.
’s sale to Hampton Roads based TowneBank. Under the terms of the agreement, Old Point shareholders will elect to receive either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share of Old Point common stock. If you are an Old Point shareholder, click here to learn more about your rights and options.
Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email info@halpersadeh.com or info2@halpersadeh.com.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
SOURCE Halper Sadeh LLP