Rocket Companies to acquire Redfin in all-stock deal valued at $1.75B

Rocket Companies, Inc.

Exchange ratio of 0.7926 Rocket shares per Redfin share; 63% premium over 30-day VWAP.
Expected close Q2/Q3 2025 subject to Redfin shareholder vote and HSR clearance.
Rocket to collapse Up-C structure and declare special $0.80/share cash dividend payable April 3.
Expects >$200M run-rate synergies by 2027, including $140M in cost and $60M revenue synergies.
Redfin CEO Glenn Kelman to lead Redfin post-close, reporting to Rocket CEO Varun Krishna.

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