By Dean Seal
Redfin and Rocket Cos. shares fell after Rocket signed a $9.4 billion all-stock deal to acquire Mr. Cooper Group weeks after striking a stock-based deal to buy Redfin.
Shares of Rocket were down 9.4% at $11.91 on Monday, while shares of Redfin declined 11% to $9.05.
The two companies said on March 10 that Rocket would buy Redfin in a $1.75 billion all-stock deal that values Redfin shares at $12.50 apiece. Redfin's stock jumped by 68% to close at $9.77 that day, while shares of Rocket pulled back 15% to $13.35.
On Monday, Rocket said it had notched another deal to buy Mr. Cooper in a transaction that values the mortgage servicer's shares at $143.33. Mr. Cooper shares have climbed 14% to $119.41.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
March 31, 2025 13:23 ET (17:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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