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Redfin (RDFN) ALERT: Johnson Fistel Investigates Proposed Sale of Redfin to Rocket Companies

1. Redfin announced a merger with Rocket Companies on March 10, 2025. 2. Shareholders will receive 0.7926 Rocket shares for each Redfin share. 3. An investigation has begun into potential board fiduciary duty breaches. 4. Concerns include whether the price of $12.50 per share is sufficient. 5. Shareholders are encouraged to report if they believe the offer is low.

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FAQ

Why Bearish?

The investigation raises concerns about board decisions, potentially undermining investor confidence. Historically, similar investigations have led to stock price declines due to uncertainty.

How important is it?

The proposed merger and associated investigation significantly impact Redfin's stock valuation and investor sentiment.

Why Short Term?

Immediate market reaction may occur due to the ongoing investigation and potential shareholder actions. Examples include sharp market movements in similar past cases.

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SAN DIEGO, March 10, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP has launched an investigation into whether the board members of Redfin Corporation (NASDAQ: RDFN) breached their fiduciary duties in connection with the proposed sale of the Company to Rocket Companies (NYSE: RKT). On March 10, 2025, Redfin announced that it had entered into a definitive merger agreement with Rocket Companies. Under the terms of the deal, Redfin shareholders will receive a fixed exchange ratio of 0.7926 shares of Rocket Companies common stock for each share of Redfin common stock in an all-stock transaction. Based on Rocket Companies closing stock price on March 7, 2025, this represents a total consideration of approximately $12.50 per share. The investigation concerns whether the Redfin board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Redfin shares of common stock. You can click or copy and paste the following link to join this investigation: https://www.cognitoforms.com/JohnsonFistel/RedfinCorporation If you are a shareholder of Redfin and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices. Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, LLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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