Redfin’s stock soars on buyout deal by Rocket Cos that looks to speed up home buying - MarketWatch
1. Rocket Companies plans to acquire Redfin for $1.8 billion in stock. 2. Redfin stock soared 80% to $10.51 after acquisition announcement. 3. The deal values Redfin at $12.50 per share, more than double its prior price. 4. Rocket Companies aims to streamline real estate processes for mobile users. 5. Rocket's stock rose 40% this year while Redfin declined by 26%.