Rocket Cos., a mortgage company, is set to acquire competitor Mr. Cooper in an all-stock transaction valued at $9.4 billion, shortly after its purchase of real estate listing company Redfin. This strategic move is expected to result in a company that will handle approximately one-sixth of all mortgages in the U.S., leading to increased loan volumes and decreased client acquisition expenses. As part of the agreement, Mr. Cooper shareholders will be given 11 Rocket shares for each share of Mr. Cooper common stock they hold. Following the acquisition, Rocket shareholders will possess around 75% of the joint entity, with Mr. Cooper stockholders owning the remaining 25%.