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Wajeeh Khan

Redfin Is Soaring on a $1.75B Deal. Is It Too Late to Snap Up RDFN Stock?

Redfin RDFN Rocket Rocket Companies RKT

Redfin (RDFN) stock opened a whopping 75% up on Monday, March 10 following news that Rocket Companies (RKT) is buying the residential real estate brokerage for $1.75 billion. 

Rocket expects the RDFN acquisition to result in over $200 million of run-rate synergies by 2027. The transaction is expected to close by the third quarter of this year. 

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