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Redfin Stock Discussion

102539778

Mar 11 17:13

$Redfin (RDFN.US)$ why drop

Jerry Kronenberg

Mar 11 04:15

Columns Wall Street Today: Nasdaq Falls 4%, S&P 500 and DJIA Tank as Well on U.S. Recession Fears

The $Dow Jones Industrial Average (.DJI.US)$ sank more than 800 points Monday and the $Nasdaq Composite Index (.IXIC.US)$ shed some 4% as stocks tumbled on U.S. recession fears.
The Nasdaq led the way lower, tumbling 726.16 points (3.99%) -- its worst one-day percentage loss since September 2022 -- to 17,470.06.
The $S&P 500 Index (.SPX.US)$ gave back 153.8 ticks (2.7%) to 5,616.4, while the DJIA shed as much a...

U.S. markets plunge, tech sell-off: Where’s the safe haven?

browny_440

Mar 11 03:44

$Redfin (RDFN.US)$ AGMH 33c warrants and currently at 13c 👀

Gilley

Mar 10 23:14

$Redfin (RDFN.US)$ lol idk how anything can be doing good the way the markets are and have been 😆

Jaguar8

Mar 10 22:11

NEWS TODAY

$Redfin (RDFN.US)$
Rocket Companies to Acquire Redfin, Accelerating Purchase Mortgage Strategy
Rocket Companies (NYSE: RKT) has announced its acquisition of Redfin (NASDAQ: RDFN) in an all-stock transaction valued at $1.75 billion, or $12.50 per Redfin share. The deal combines Redfin's top-three home search platform and 2,200+ agent network with Rocket's mortgage services across all 50 states.
Key transaction details:
Redfin shareholders will receive 0.7926 RKT shares per RDFN share, a ...

sg freeman

Mar 10 19:30

$Redfin (RDFN.US)$ why is it stuck at 10.8 while going to be acquired at 12.5

10baggerbamm : I didn't read the terms of the deal.
if it's an all cash deal and it's approved by shareholders because why wouldn't it be then that's what you're going to get on closing day. as they say a deal is not done till it's done you can have somebody from the department of Justice say that this violates monopolistic practices and we're not going to permit the deal to happen that's the type of thing that was going on in the Biden administration for example.
alternatively if this is a cash and stock deal the price is pegged to the value of rocket stock when the deal was consummated so rocket stock sells off at work it's shorted it reduces the price that you get on day of closing because rocket stock has fallen or it is shorted.
and if it's an all stock deal it's the last sentence above because the deals announced based off of the price of rocket stock on the closing date so Rockstar drops because people short the stock and you get less as a shareholder in redfin.. and sometimes I have seen where the acquiring Company stock falls so much that they have to go back and do a second deal and sweeten it and reset the purchase price to a higher amount of shares because their stock has fallen

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blessings u 10baggerbamm : The shareholders of RDFN need to approve for it to take effect. $12.50 per share, whether in Cash or Stocks compensation, will be realized as long as patience is maintained.

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G3636G blessings u : similar case $Checkpoint Therapeutics (CKPT.US)$

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blessings u G3636G : It is like this.

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10baggerbamm blessings u : you're incorrect if it's stock.. need to read the terms of the deal because they will outline and say in black and white if the acquisition will be based off of the share price at said date of rocket company they also may put qualifiers in that if rocket stock falls by a certain percent they will increase the amount of shares to equal the 12.50 that was agreed upon..
you need to read it because I have walked down this road several times in my life where I wake up I'm all excited I'm in a company and it says front and center in the news it's being bought out I get all excited only to find it's a stock deal and the stock that I am in which should be trading higher is trading down considerably in the days and weeks to come because the company that's going to be buying out mine is being shorted.

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