Shareholder Alert: The Ademi Firm Investigates Whether Redfin Corporation Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE–(BUSINESS WIRE)–
The Ademi Firm is investigating Redfin (Nasdaq: RDFN) for possible breaches of fiduciary duty and other violations of law in its transaction with Rocket Companies.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, Redfin shareolders will receive only 0.7926 shares of Rocket Companies Class A common stock, or approximately $12.50, for each Redfin share they own. Upon completion of the transaction, current Rocket Companies shareholders will own approximately 95% of the combined company on a fully diluted basis, while Redfin shareholders will own approximately 5%. Redfin insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Redfin by imposing a significant penalty if Redfin accepts a competing bid. We are investigating the conduct of the Redfin board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250310330148/en/
Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
KEYWORDS: United States North America Wisconsin
INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal
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