Piper Sandler upgraded Redfin (RDFN) to Neutral from Underweight with a price target of $12.50, up from $4, after the company entered into an agreement to be bought by Rocket Companies (RKT) in an all-stock transaction for a value of $12.50 per Redfin share, or $1.75B of equity value.
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- Rocket Companies announces collapse of ‘Up-C’ structure
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