The Mortgage Choice Limited (ASX: MOC) share price is going gangbusters today after the company announced it is the subject of a proposed acquisition by REA Group Limited (ASX: REA). At the time of writing, the mortgage broker’s shares have surged a whopping 61.7% to $1.90.
Meanwhile, the REA Group share price is currently trading 2.23% lower at $136.94. By comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.04%.
Let’s take a closer look at the proposed Mortgage Choice, REA Group deal.
What did Mortgage Choice announce?
The Mortgage Choice share price is through the roof today following…