Redfin Soars More Than 75% on Acquisition News -- Here's What Investors Need to Know
The stock market was having a generally negative day on Monday, with all the major market indices firmly in the red. But looking at Redfin's (NASDAQ: RDFN) stock price, you'd never know it. As of 10 a.
What made Redfin stock soar 70% on Monday?
Redfin Corp (NASDAQ: RDFN) rallied more than 70% in premarket today after Rocket Companies Inc (NYSE: RKT) agreed to buy the real estate listing platform for about $1.75 billion. The all-stock deal values each share of Redfin at $12.
Redfin shares soar, Rocket Companies sinks, on news of all-stock acquisition
The deal, announced Monday, brings together two major players in real estate and mortgage lending. It is still subject to shareholder and regulatory approval. Detroit-based fintech platform Rocket Companies (NYSE: RKT) has reached an agreement to acquire the Seattle mortgage services company Redfin (NASDAQ: RDFN) in an all-stock transaction valued at $1.
Rocket to Buy Redfin in $1.75 Billion All-Stock Deal
Two of the biggest growth opportunities for Rocket that we've talked about are really growing in purchase in AI. And by bringing together the leading a home search website with the leading mortgage finance company.
Surprising news sends Redfin stock soaring
Redfin (RDFN) is taking off like a rocket. The tech-powered real estate company saw its shares roaring into the wild blue yonder on March 10 on news it was being acquired by Rocket Cos. (RKT) in an all-stock deal valued at $1.
Redfin Stock Soars 70% on Deal to Be Bought by Rocket Cos.
Rocket Cos. said Monday it reached an agreement to buy the digital real estate brokerage Redfin. Rocket will pay $12.50 a share to acquire Redfin in an all-stock transaction. The deal, which values Redfin at $1.
Redfin Stock Soars as Rocket Companies Acquires Firm for $1.75B
KEY TAKEAWAYS Redfin shares are surging 75% in premarket trading Monday after mortgage giant Rocket Companies announced it was buying the digital real estate brokerage in an all-stock deal valued at $1.
Redfin Is Soaring on a $1.75B Deal. Is It Too Late to Snap Up RDFN Stock?
Redfin (RDFN) stock opened a whopping 75% up on Monday, March 10 following news that Rocket Companies (RKT) is buying the residential real estate brokerage for $1.75 billion. Rocket expects the RDFN acquisition to result in over $200 million of run-rate synergies by 2027.
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Redfin Stock Eyes Best Day Ever After $1.75 Billion Buyout
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Rocket agrees to buy Redfin for $1.75B
Rocket Cos. (NYSE:RKT), parent of Rocket Mortgage, agreed to acquire real estate broker Redfin (NASDAQ:RDFN) in a deal valued ...
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Real Estate Platform Redfin Acquired by Rocket Companies for $1.75 Billion
Redfin (NASDAQ: RDFN) has been acquired by Rocket Companies (NYSE: RKT) in an all-stock transaction for $1.75 billion or ...
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Blackboxstocks Inc. (NASDAQ: BLBX)'s merger with REalloys Inc. Upon closing of the proposed transaction, Blackbox shareholders will own approximately 7.3% of the combined company. If you are a ...