BRIEF-Rocket Companies To Acquire Redfin, Accelerating Purchase Mortgage Strategy

Reuters
10 Mar
BRIEF-<a href="https://laohu8.com/S/RKT">Rocket Companies</a> To Acquire Redfin, Accelerating Purchase Mortgage <a href="https://laohu8.com/S/MSTR">Strategy</a>

March 10 (Reuters) - Redfin Corp RDFN.O:

  • ROCKET COMPANIES TO ACQUIRE REDFIN, ACCELERATING PURCHASE MORTGAGE STRATEGY

  • ROCKET COMPANIES INC : PROPOSED DEAL FOR ALL-STOCK TRANSACTION FOR A VALUE OF $12.50 PER REDFIN SHARE, OR $1.75 BILLION OF EQUITY VALUE.

  • ROCKET COMPANIES INC: PROPOSED DEAL FOR $1.75 BILLION OF EQUITY VALUE

  • ROCKET COMPANIES - EACH SHARE OF REDFIN COMMON STOCK TO BE EXCHANGED FOR FIXED RATIO OF 0.7926 SHARES OF ROCKET COMPANIES CLASS A COMMON STOCK

  • ROCKET COMPANIES INC: TRANSACTION IS EXPECTED TO BE ACCRETIVE TO ROCKET COMPANIES' ADJUSTED EPS BY END OF 2026

  • ROCKET COMPANIES: UPON DEAL CLOSE, REDFIN CEO GLENN KELMAN TO CONTINUE TO LEAD REDFIN BUSINESS

  • ROCKET COMPANIES: TO COLLAPSE "UP-C" STRUCTURE & DECLARES SPECIAL CASH DIVIDEND OF $0.80/SHARE OF CLASS A COMMON STOCK

  • ROCKET COMPANIES: EXPECTS COMBINED CO TO ACHIEVE MORE THAN $200 MILLION IN RUN-RATE SYNERGIES BY 2027

Source text: ID:nPn7WXJ48a

Further company coverage: RDFN.O

((Reuters.Briefs@thomsonreuters.com;))

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