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Mortgage giant missile companies (Rht) Digital Property Broker hit a contract to get RedFin on Monday (RDFN) A stock of $ 1.75 billion in the exchange contract.
The Redfin Foundation has increased by 76% in news. The missile fund fell to 10%. In 2024, the revenues of missiles were $ 5.1 billion; Redfin said that $ 1.04 billion in 2024.
“There is a better vision to buy and sell rockets and redfits,” Krishna, General Director of missile companies, was released. “Together, the search and financing process reduces costs, with leading technology, which traditionally eliminates the friction, and increases the value of American homebuyers.”
The deal comes at a time when they fight between high mortgage rates and a tight house supply in the housing market. REDFIN’s shares are $ 96.81 when developing apartments in February 2021, during the pandemic. Record-low interest rates played an important role in refinancing and managing the market. Rht went to the public In August 2020, place itself to capitalize this affordable market conditions.
According to A commentary that announces a dealRedf’s shareholders will receive only 0.8 shares of missile reserves for each share of Redfin. Existing missile shareholders, 95% of the combined company will be full of fully diluted grounds and redf of the shareholders.
Rocket shareholders will receive a $ 0.80-dollar dividend for a share. Deal Redfin falls below $ 12.50 per share.
Companies, the combined company must be able to reduce the cost of about $ 140 million until 2027 and redfin agents with the missile financing infrastructure and the couple have been saving $ 60 million.
“The approach of Rocket and Redfin’s credit and brokerage service has always been two, two half of a vision to make the purchase process of the house,” said Redfin CEO Glenn Kelman was released.
The transaction is approved by both companies boards and expected to close in the second or third quarter of 2025.
Redfin CEO’s Redfin CEO Glenn Kelman will continue to work Redfin, Rocket companies provided by missile companies CEO has Krishna.
Dani Romero Yahoo is a speaker for finance. Follow him in x @daniromerotv.
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