$17.640
+0.632 (+3.58%)At close
HOUS News
HOUS Events
Barclays Notes NY Attorney General Investigating Compass Market Share
Barclays notes the media report suggesting that New York's Attorney General may be investigating Compass' market share in the state following the completion of the acquisition of Anywhere Real Estate with associated "antitrust concerns." With the stock down 11%, the firm calls the move "punitive" and views this as a buying opportunity for "a stock where we see meaningful upside potential," the analyst tells investors. Barclays has an Overweight rating on Compass shares.
Compass Completes All-Stock Merger with Anywhere Real Estate
Compass (COMP) announced earlier the completion of its all-stock combination with Anywhere Real Estate (HOUS). "Following the merger, the two companies are coming together with a collective vision to become the best company in the world at empowering real estate professionals with everything they need to succeed and realize their entrepreneurial potential," the company stated. Chairman and CEO, Robert Reffkin, who will lead bringing the two companies together under Compass International Holdings, said, "Our collective vision is to become the best in the world at empowering real estate professionals with everything they need to realize their entrepreneurial potential. What makes this moment unique is not a transaction that combines two companies - it's that the industry's most respected brands and professionals are coming together on a single, modern technology platform that will help them save time, grow their business, and better serve their clients."
Compass Completes Acquisition of Anywhere Real Estate
Compass (COMP) closed its acquisition of Anywhere Real Estate (HOUS) after leadership at the Justice Department overruled staff concerns that the deal could hurt competition, Leah Nylen and Alexandra Levine of Bloomberg report, citing people familiar with the matter. The Justice Department's antitrust staff had recommended an investigation of the combination but were blocked by senior Trump administration officials, sources told Bloomberg.
Compass and Anywhere Real Estate Merger Approved by Shareholders
Compass (COMP) and Anywhere Real Estate (HOUS) announce that stockholders of each company voted overwhelmingly to approve and adopt, as applicable, all proposals related to the previously announced merger of Compass and Anywhere at their respective special meetings of stockholders held on January 7. The merger is expected to close on January 9, subject to the satisfaction of customary closing conditions.
Anywhere Real Estate announces Q3 EPS of 12 cents, up from 6 cents last year.
Reports Q3 revenue $1.63B vs. $1.54B last year. "Our proposed merger with Compass will create the premier platform where agents, franchisees, and employees can thrive as we drive meaningful innovation across the real estate experience," said Ryan Schneider, CEO". "We are excited by the business growth momentum reflected in our Q3 results, and we are on track to achieve $100M in cost savings in 2025," said Charlotte Simonelli, CFO. "Our team remains committed to advancing our strategic vision while consistently delivering better experiences faster and at lower costs."
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