Redfin shares jump on $1.75B acquisition by Rocket Companies
Redfin Corp (NASDAQ:RDFN) shares surged more than 70% after the fintech company annoucned it is being acquired by Rocket Companies Inc (NYSE:RKT) in a transaction valued at $1.75 billion. In the all-stock transaction, Redfin will be acquired for $12.50 per share.
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 (RDFN 72.78%) stock price, you'd never know it.
Rocket Companies to buy real estate firm Redfin in $1.75B deal
Rocket Companies announced Monday it has reached an agreement to buy real estate listing platform Redfin. The deal is worth $1.75 billion, according to the companies.
Redfin Stock Eyes Best Day Ever After $1.75 Billion Buyout
Redfin Corp (NASDAQ:RDFN) stock is up 74.7% to trade at $10.16 at last glance on news that Rocket (RKT) will acquire the real estate company for $1.75 billion.
Redfin shares soar, Rocket Companies sinks, on news of all-stock acquisition
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 $1.75 billion, the companies announced on Monday.
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 $12.50, which translates to a well over 100% premium on their previous close.
Redfin Stock Soars After Rocket Announces $1.75 Billion Acquisition
Rocket will expand its mortgage strategy with $1.75 billion Redfin acquisition. RKT stock falls, Redfin shares rocketed.
Redfin to be acquired by Rocket Companies in $1.75B deal
Rocket Companies agreed to acquire Seattle-based Redfin in a $1.
Rocket Companies to take Redfin private in $1.75B deal
Redfin is being taken private in an all-stock transaction that values the real estate listing platform at $1.75 billion.
Rocket to Buy Redfin in $1.75 Billion All-Stock Deal
The mortgage giant Rocket Cos. has agreed to buy Redfin in an all-stock deal valuing the online real-estate brokerage at $1.75 billion.
Mortgage lender Rocket is acquiring Redfin to combine home buying and financing
Rocket wants to be a one-stop shop for the entire home-buying process.
Redfin Stock Soars on Deal to Be Bought by Rocket Cos. for $1.75 Billion
Rocket Cos. agrees to purchase Redfin for $12.50 a share, or an equity value of $1.75 billion.
