Redfin and Rocket Shares Fall After Mr. Cooper Deal

Dow Jones2025-04-01

By Dean Seal

Redfin and Rocket Cos. shares fell after Rocket signed a $9.4 billion all-stock deal to acquire Mr. Cooper Group weeks after striking a stock-based deal to buy Redfin.

Shares of Rocket were down 9.4% at $11.91 on Monday, while shares of Redfin declined 11% to $9.05.

The two companies said on March 10 that Rocket would buy Redfin in a $1.75 billion all-stock deal that values Redfin shares at $12.50 apiece. Redfin's stock jumped by 68% to close at $9.77 that day, while shares of Rocket pulled back 15% to $13.35.

On Monday, Rocket said it had notched another deal to buy Mr. Cooper in a transaction that values the mortgage servicer's shares at $143.33. Mr. Cooper shares have climbed 14% to $119.41.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

March 31, 2025 13:23 ET (17:23 GMT)

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Mr. Cooper shares have climbed 14% to $119.41. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 31, 2025 13:23 ET (17:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2524937978","isCrawlerRequest":true}