Mr Cooper Group Inc fka COOP

[boarddork]

I think the answer could be as simple as in if COOP traded above RKT, then the deal doesn't look as good for COOP anymore. Makes it look like investors are trading in airplane tickets for a cruise on the titanic. (a bit exaggerated of course). It could just be trading in the current patterns solely for perception purposes.

Quote: "the gap between COOP's actual price and the implied price (RKT*11 + 2) is an indication of the market's concern that something will prevent the deal from going through."