Rocket will pay $12.50 a share to acquire Redfin in an all-stock transaction. The deal, which values Redfin at $1.75 billion, is expected to close in the second or third quarter of 2025.

The price movements of the companies' stocks matter, because the deal is based on a fixed exchange ratio, with each share of Redfin stock to be exchanged for 0.7926 shares of Rocket stock.

Rocket axed roughly 2 percent of its workforce following the $1.75 billion deal to acquire the Seattle-based brokerage, HousingWire reported. The layoffs were confirmed weeks after the deal closed.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. HIGHER – Redfin (RDFN) up 70% after Rocket Companies (RKT) announced it has entered into an agreement to ...

Rocket shareholders will receive a special cash dividend of $0.80 per share. The deal values Redfin at $12.50 per share. The companies said the combined company should be able to cut about $140 ...

The deal values Redfin at $12.50 per share. Shares in Seattle-based Redfin soared 68.5% in morning trading to $9.81 per share, while shares in Detroit-based Rocket Cos. slumped 15%.

The deal values Redfin at $12.50 per share. Shares in Seattle-based Redfin soared 68.5% in morning trading to $9.81 per share, while shares in Detroit-based Rocket Cos. slumped 15%.

Rocket Cos. said Monday it would pay $1.8 billion in stock for the online real-estate agency Redfin Corp. in an effort to make it easier for customers to buy property using their mobile devices.

Redfin to be acquired by mortgage heavyweight in $1.75 billion deal Unlock URL Order Reprints Gift this Article ...

Fintech firm Rocket Companies RKT agreed to acquire Redfin Corp. RDFN, a digital real estate platform, in an all-stock transaction valued at $12.50 per share, or approximately $1.75 billion in equity.