The $2 is only if the merger is approved. It is also paid prior to the merger on the date set by the BOD. I am willing to bet $2 that the BOD does not set the date to the day prior. I bet its more like 30 days prior... In which case the $2 becomes mostly irrelevant. Also, if the merger fails due to Rocket, they will be required to pay a reverse termination fee of $500 million to Mr. Cooper in certain circumstances relating to the failure to obtain certain required regulatory approvals or clearances. $500M divided by our outstanding share count is ~$7.81 per share, so... there is that :P)
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