Rocket to Buy Redfin in All-Stock Deal for Value of $12.50/Share

Rocket Companies agrees to buy Redfin in an all-stock transaction that values the real estate listing site at $1.75 billion.

• All-stock transaction has value of $12.50 per Redfin share
• Each Redfin share will be exchanged for a fixed ratio of 0.7926 Rocket Class A shares
• Premium of 63% over the volume weighted average price of Redfin for the 30 days ending March 7
• Rocket holders will own 95% of the combined company on a fully diluted basis; Redfin holders will own 5%
• Rocket sees deal accretive to adjusted EPS by the end of 2026
  • Expects the combined company to achieve ...