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Anywhere Real Estate Stock Soars 55% on $1.46 Billion Compass Acquisition Deal
Anywhere Real Estate Stock Soars 55% on $1.46 Billion Compass Acquisition Deal
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BTCCSquare news:
Anywhere Real Estate Inc. (HOUS) surged 55% in pre-market trading after Compass (COMP) announced a $1.46 billion all-stock acquisition. The deal values Anywhere at $13.01 per share, a significant premium to its previous close, creating a combined $10 billion real estate platform.
Compass shares fell 11.7% as investors reacted to dilution concerns, while Anywhere's century-old brands like Sotheby's International Realty will merge with Compass' digital tools. CEO Robert Reffkin called the merger "a once-in-a-generation opportunity" to reshape residential real estate.
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