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.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。